Market Update - August 2023 »

International Equities – The rise in international markets slowed in August with a 1.61% gain in unhedged equities and a 1.87% loss in hedged equities. This divergence is due to a fall in the value of the Australian Dollar relative to USD. With the AI craze slowing slightly the technology sector fell by 2% but this was not the worst performing global sector. Please click here for more information