If you're looking for the top ETFs this year, the Vanguard Australian Property Securities Index ETF (ASX: VAP) and the BetaShares Australia 200 ETF (ASX: A200)
Switzer Daily
14 May 2021
The ASX200 closed lower for the third straight day on
Thursday, dropping 0.88% to close below 7000 points. The market exceeded its
pre-Covid high just days ago, but has now fallen to its lowest point in four
weeks, as investors ponder global inflation fears and heavy falls on Wall
Street. The Federal Budget, handed down on Tuesday night, has done little to
boost the market, falling each day since Treasurer Josh Frydenberg announced
further spending to ensure a smooth recovery from pandemic-induced economic weakness.
One bright note in the Budget was the soaring iron ore
price, which has dramatically boosted Australia’s trade receipts. Treasury