Crescent Wealth is an Australian Islamic Investment and Islamic corporate advisory firm, offering an alternative in socially responsible investing and committed to building a sustainable platform for Islamic finance in Australia.
Investment Newsletter for August 2015
Article Overview
The S&P/ASX 300 Accumulation Index recorded it worst monthly performance since October 2008, falling 7.7% in August, and wiping out previously positive CYTD returns (now -0.7%). The Market ex- resources (-7.8%) modestly underperformed Resources (-7.2%) with Banks (-11.7%) the key drag. The Small Ordinaries Accumulation Index outperformed the S&P/ASX100 by 3% to be down 4.9%. The Small Industrials Accumulation Index outperformed the S&P/ASX 100 Industrials Index by 3.8%, while the Small Resources Accumulation index underperformed the S&P/ASX100 Resources index by 1.3%.
Crescent Islamic Cash Management Fund
