Traders welcome return of volatility
A sharp pull-back in global markets sparked by chatter the US President may face impeachment proceedings, didn't alarm professional investors.
Myriam Robin is a markets reporter based in the Financial Review's Melbourne newsroom.
A sharp pull-back in global markets sparked by chatter the US President may face impeachment proceedings, didn't alarm professional investors.
The ASX suffered a torrid morning after Wall St suffered its worst session in eight months amid chatter Trump may face impeachment proceedings.
Active fund managers are warning that the rise of passive investment will make sharemarkets less efficient at rewarding good companies but this is not expected to happen for a while.
Major banks led a savage sell-off on the ASX, as investors fretted over record low wage growth and the growing threat of US political risks.
A turnaround in appetite for banking stocks helped the ASX claw into the black on Tuesday, after a midday lull.
The S&P;/ASX200 is still a long way off a high it reached before the global financial crisis, while many of the world's leading equity indexes are soaring to records.
If China's trade initiative delivers on its promises, new trade relationships and investment relationships will emerge that Australian companies can take advantage of, one expert says.
For Geoff Wilson, the veteran fund manager and chairman of Wilson's Asset Management, everything comes in cycles.
Some fund managers say domestic funds aren't big enough to play activist strategies, nor are they culturally inclined to.
The ASX reversed strong early gains to finish flat, as a dip in Chinese commodities futures triggered a round of selling in the miners.
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