Fund managers find sweet spots despite volatile market
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Top-performing Australian share managed funds returned more than 20 per cent in 2020, despite a topsy-turvy year for equity markets.
Having hit a record high 7162.5 points in February, the benchmark S&P/ASX 200 index tumbled to a low of 4546 points in March as COVID-19′s footprint started to stretch beyond China. However, the market picked itself up and closed out the year at almost level pegging to where it started.
Afterpay, which saw its shares rocket from about $30 to $110 in 2020, was a big winner for many managed funds.
Credit:Attila Csaszar
This story features PALADIN ENERGY LTD, and other companies. For more info SHARE ANALYSIS: PDN
While the uranium spot price continues to exhibit low volatility, three megatrends are tipped to increase the demand outlook for nuclear energy
-Three megatrends contributing to uranium demand
-Strong week for uranium equities
-Uranium spot price continues to trade between US$29.00-30.00/lb
By Mark Woodruff
The demand outlook for nuclear energy continues to improve, just as global uranium supply has shifted into a record supply deficit. Canaccord Genuity expects the deficit to continue and U3O8 demand to grow to 252m pounds (up 45%) by 2035 on the back of tailwinds from three key megatrends.