After a tumultuous month for global financial markets, global equities ended the month of August in positive territory and global interest rates moved lower.
In the US, corporate earnings started to broaden out from the large technology companies.
Locally, a reduction in interest rates is a positive development for the New Zealand share market.
The current environment is constructive for both fixed income and equity markets. This provides a favourable backdrop for a well-diversified balanced portfolio.
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