FISCAL YEAR – AUSTRALIA

Time running out for tax-loss selling

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Original article by Jessica Sier
The Australian Financial Review – Page: 20 : 19-Jun-17

Katana Asset Management’s Romano Sala Tenna notes that Australian investors traditionally engaged in tax-loss selling in the final week of June. However, he says investors are increasingly selling underperforming stocks well before the end of the financial year. Quantitative analysis shows that stock which experience a sharp sell-off in May and June typically rebound over the first few months of the new fiscal year. Stocks that have been subject to tax-loss selling in 2017 include Mayne Pharma, APN Outdoor Group and Harvey Norman.

CORPORATES
KATANA ASSET MANAGEMENT LIMITED, MAYNE PHARMA GROUP LIMITED – ASX MYX, APN OUTDOOR GROUP LIMITED – ASX APO, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, JB HI-FI LIMITED – ASX JBH, SUPER RETAIL GROUP LIMITED – ASX SUL, ORIGIN ENERGY LIMITED – ASX ORG, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, SLATER AND GORDON LIMITED – ASX SGH, AUSTRALIAN TAXATION OFFICE

A-REITs have a good year but a tough month

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Original article by Robert Harley
The Australian Financial Review – Page: 38 : 2-Jul-15

Australian real estate investment trusts generally performed well during 2014-15, although support for the sector turned bearish in the final month of the fiscal year. DEXUS Property Group, Mirvac Group and GPT Group in particular were heavily sold down in June 2015. BT Investment Management’s Julia Forrest expects mergers and acquisition activity to be a key driver for the sector in 2015-16.

CORPORATES
DEXUS PROPERTY GROUP – ASX DXS, MIRVAC GROUP – ASX MGR, GPT GROUP – ASX GPT, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, INVESTA PROPERTY GROUP, DOW JONES EQUITY ALL REIT TOTAL RETURN INDEX, MANULIFE FINANCIAL CORPORATION, BLOOMBERG LP, OMAN INVESTMENT FUND, FORTRESS CAPITAL ASSET MANAGEMENT, NIKKO ASSET MANAGEMENT GROUP, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, COLES GROUP LIMITED, GIC REAL ESTATE PTE LTD

The year that ‘defied the doomsayers’

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 29 : 23-Jun-15

Australia’s S&P/ASX 200 Index has gained 3.7 per cent so far in 2014-15, with one week left of the financial year. The broader All Ordinaries Index has risen by 3.9 per cent, while the total return for stocks in the All Ordinaries Accumulation Index has risen by 8.2 per cent. CommSec’s Craig James says the fiscal year has been "good" but not "great" for investors.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES ACCUMULATION INDEX, COMMONWEALTH SECURITIES LIMITED, UNITED STATES. FEDERAL RESERVE BOARD