Australian Unity Pro-D Investment Funds – Monthly Fund Updates for March 2022
March provided a wide range of returns across asset classes.Posted: April 27, 2022
March provided a wide range of returns across asset classes. Rising inflation, the escalating conflict between Russia and Ukraine, COVID-19 related lockdowns in China, and the US Federal Reserve’s much-anticipated official cash rate increase all influenced investment markets.
Without wanting to downplay the humanitarian tragedy in Ukraine, we feel it likely that the (currently somewhat-contained) war and any sanctions imposed will have a modest long-term impact on interest rates, profits and market valuations. However, we continue to watch developments, and any potential escalation, closely.
We expect the Reserve Bank of Australia to join other central banks in raising official interest rates in coming months. Markets have brought-forward pricing of these cash rate rises, leaving room for disappointment (and bond yields to potentially fall) if central banks normalise policy at a slower-than-anticipated pace.
Below are the links to the Fund Updates for the Pro-D Funds as at 31 March 2022.
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