Hi Aris, Welcome to this week's edition of Smart Investing. Global share markets again broke records last week as the prospect of a "soft landing" for the United States economy helped fan them to new heights. The question for investors though is, do market records really matter? In our lead article this week, Vanguard's Senior Personal Finance Writer, Tony Kaye, says "no". He explains why, and the approach taken by the most successful investors. Meanwhile, Vanguard research shows more Australian high-net-worth-individuals are gravitating to exchange traded funds. So, what is the key attraction of ETFs to wealthy investors? We explain where HNWIs are investing, and why. Lastly, our global economics team provides its latest forecasts for interest rates, inflation, employment and financial markets in Australia, the United States, China, the Euro area, the United Kingdom, emerging markets, and Canada. Do you have a good investor story to tell? We're especially keen to hear from Vanguard investors who are close to retirement, or already retired. If you're interested in being interviewed for our investor story video series, please send us an email to corpcommsaustralia@vanguard.com. |