Quarterly update - December 2018

The launch of the global and Australian founder strategies at the start of the December quarter coincided with a turbulent period in financial markets. In this post, we provide an update of their returns. We also examine the renewed market volatility in the context of a sharp lift in the equity risk premium since October, and suggest that recent communications from the Federal Reserve that it has scope to be patient in lifting its key policy rate points to less turbulent market conditions in the year ahead.