The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
A virologist and portfolio manager talks covid19, healthcare stocks and what the future holds
Platinum’s Dr Bianca Ogden has a PhD in virology, and manages their Global Healthcare Fund. On this podcast, Platinum’s Julian McCormack told investors to take money off the table in 2019, saying sectors of the market were hugely overvalued. So what are they saying now?
In this timely podcast, Bianca and Julian discuss the current market panic and what investors should consider, including:
- The spread of Covid19, and how long a vaccine is likely to take
- Why washing your hands is effective against viruses
- How markets are responding to uncertainty
- When equities will start to look safe again, and
- Long term opportunities in sectors that have been crushed.
