Market Update August 2011

Written on the 18th of August 2011 by GWM Adviser Services

Dear Valued Client,

I’m pleased to enclose the August edition of Market Update for 2011.

CLICK HERE to read full Market Udate

Given the recent market volatility, this month’s newsletter takes more of a focus on the debt issues in the US and Europe as well as keeping you up to date with all the usual market information here and abroad.

The key themes of this edition are:

• Details of the last minute agreement to raise the US debt ceiling
• Details of the €109 billion bailout package for Greece
• The market volatility and what it means in Australia, and
• Australia’s new carbon tax.

While global markets remain uncertain for the foreseeable future, it’s important to remain focused on your long-term goals.

If you’d like to discuss anything in this report please feel welcome to call us on 1800 967 548

Kind regards,


Wealthfarm

Any advice in this communication has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice, consider whether it is appropriate to your objectives, financial situation and needs.
GWM Adviser Services Limited ABN 96 002 071 749 trading as Garvan Financial Planning, registered office 105 - 153 Miller Street North Sydney NSW 2060, is an Australian Financial Services Licensee and member of the National Australia Bank group of companies. From time to time Garvan Financial Planning, members of the National Australia Bank group of companies, associated employees or agents may have an interest in or receive pecuniary and non pecuniary benefits from the financial products and services mentioned herein.