Australian Unity Pro-D Investment Funds – Monthly Fund Updates for March 2023
Markets were mixed in March as investors shifted their focus to the solvency and viability of the global Banking system and the implications for future global central bank monetary policy.
US Bank Silicon Valley Bank (SVB) saw depositors withdraw significant funds in March due to fears over its capitalisation, due to substantial losses from rising bond yields during the past year. To quell fears of contagion to other institutions, the US Federal Deposit Insurance corporation guaranteed all of SVB's (and some other US regional banks') deposits, and the US Federal Reserve also extended emergency funding lines to banks experiencing deposit flight.
Below are the links to the Fund Updates for the Pro-D Funds as at 31st of March 2023.
Further information
If you would like further information about these investments, please contact your Plus7FM team.
Alternatively, you can speak with a member of our Adviser Services team by calling (08) 8130 5500 or email any questions.
