IMP Monthly Report | March 2021
March was indeed another highly positive month for global markets including our own. Despite the pronounced rally in longer duration Government Bond Yields (which we will discuss in length later), our market (S&P/ASX 200 Accumulation Index) managed to gain 2.44% for the month (its 6th consecutive monthly gain) and 4.26% for the March quarter (building on the December quarter’s remarkable 13.7% rise).
It was variously a very strong month for global markets too, with the Dow Jones jumping 6.62%, S&P 500 4.24% and even the Nasdaq managed to end with a 0.41% gain despite concerns about rising rates hurting high growth valuations.
In Europe, London’s FTSE rose 3.55% and Germany’s DAX put on a stellar 9.05% as those markets responded to weaker local currencies and the prospect of relatively easier Central Bank policy. Japan’s Nikkei eked out a 0.71% rise, however, the Shanghai Composite did drop 1.91% and Hong Kong’s Hang Seng shed 2.08%, falling victim to perceived tighter monetary policy (and broader public policy with environmental controls once again taking precedence over industrial output, which did halt the incredible… Continue through to the full report here.
The links below will take you to the March 2021 Holdings & Yield Forecast charts for each of our portfolios:
IMP 100I | a model portfolio designed to more for income than growth with the majority of the funds invested in the top 100 ASX listed companies
IMP 100T | a model portfolio designed to more for growth than income with the majority of the funds invested in the top 100 ASX listed companies
IMP 200 | a model portfolio designed with the majority of the funds invested in the top 200 ASX listed companies
IMP 300 | a model portfolio designed with the majority of the funds invested in the top 300 ASX listed companies
YMP | a model portfolio designed for income with the majority of the funds invested in the top 100 ASX listed companies
For more information about our Individually Managed Portfolios, contact us to speak to one of our specialists.