Investments & Wealth

Sydney Wealth Management Update Autumn 2024

19 March 2024

Welcome to our latest Wealth Update – Autumn 2024.

This edition covers the following topics:

Helping your super work harder – the flipside of tax reform

In response to the cost of living crisis, all Australian individual taxpayers will receive a tax cut for the next financial year 2024-25. Find out what this means for you in terms of take-home pay and how you can boost your super by utilising tax savings.

Reporting season update – Australian equities

A surprisingly strong reporting season for some, as the average household has weathered interest rate hikes better than expected. China growth fears are a worry for our mining exposures while secular growth tailwinds continue to underpin business fortunes as Australian businesses look to capitalise on new technology such as artificial intelligence (AI). In others, a return to basics such as value for the consumer (e.g. Coles) is key. Read on to learn how our portfolio companies are navigating broader economic and industry-specific challenges.

Reporting season update – International equities

A strong end to 2023 and start to 2024 was a common theme across the portfolio. Inflation remains a lurking threat. Meanwhile artificial intelligence and weight loss drugs continue to define investor sentiment with meaningful growth and profits stemming from the frenzy of consumer and business demand. Lastly, economic uncertainty is a lingering concern, but a clearer picture is starting to emerge, and businesses are putting themselves on the front foot. Read on to learn more.

Any advice included in this newsletter is general only and has been prepared without taking into account your objectives, financial situations or needs. Before acting on the advice you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs. You should also obtain a copy of and consider the Product Disclosure Statement for any financial product mentioned before making any decisions. Past performance is not a reliable indicator of future performance. Advisers at Pitcher Partners Sydney Private Wealth (‘PPSPW’) are authorised representatives of Pitcher Partners Sydney Private Wealth Pty Limited, ABN 25 678 662 925, AFS Licence No. 563803. PPSPW is part of the Pitcher Partners Sydney Firm and is a privately owned and run company associated with the Pitcher Partners network of separate accounting firms, and is a network member of Baker Tilly International Limited.