2020 was a year of alphabetical symbols

Happy New Year and welcome to our first edition for 2021! We hope you had an enjoyable break over the holiday season.

Though 2020 turned out better than where everyone thought where we would be in March as COVID 19 spooked the markets, it was a year where investors pictured the markets as alphabetical symbols.

According to fund manager Capital Group fund manager, “with all the talk about V-shaped, U-shaped and W-shaped economic recoveries, K-shaped may be the more appropriate alphabetical symbol. Major sectors of the global economy have moved in sharply different directions, reflecting the disparity between companies that have benefited from the COVID-19 pandemic and those that have been crushed by it. For some areas of the economy — restaurants, hotels, retailers, airlines and small businesses — it has literally been the worst of times. “ To read more on investment outlook, click here.

If you would like to discuss your portfolio or have any questions, please feel free to contact us on 02 9279 2001 or email on luthra@wealthca.com.au. We look forward to working with all of you in 2021.

Pawan Luthra of Wealth Creation Advisors Pty Ltd is Authorised Representative of Apogee Financial Planning Limited ABN 28 056 426 932, an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.
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