Dear In this edition we detail some of the benefits of industrial shares, provide some insights into the state of global fixed income markets, and discuss fiduciary duty and its potential impact on you. Plus we have the regular asset class updates from our fund managers.

Building long-term income What are the benefits industrial shares? Matthew Williams, portfolio manager of our Industrial Share Fund, illustrates some of the benefits using stocks from the fund. More... Taking stock of global fixed income markets Greg Stock, one of our fixed income portfolio managers, shares his insights into the state of global fixed income markets. More... Fiduciary duty back in fashion Jorden Brown, our Distribution General Manager – Retail Advised, discusses what fiduciary duty means and the potential impact on you. More...

Gains in most asset classes Asset class overview   Security selection remains important Property Approaching fair value Australian Equities   Outlook is positive Credit Australian dollar appreciation International equities   Monetary policy unchanged Mortgages

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