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Magellan missed the recovery: Douglass By Lachlan Maddock 21 April 2021 Hamish Douglass admitted that Magellan had been “too cautious” on the recent reopening trade while warning that a recent rise in speculative bubbles could hail the beginnings of a massive correction. While Hamish Douglass said that Magellan’s strategy had performed well during the depths of COVID-19, he conceded that he had been too slow to capitalise on exuberance around vaccine roll-outs and the election of US President Joe Biden. “Markets completely repriced risk about the re-opening of the economies, and our strategy has lagged in the last four months that cyclical re-opening trade. To some extent we were too cautious going into those vaccine results with our capital preservation,” Mr Douglass said. ....
Magellan missing the mark, analysts say investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.
Pope asks Filipinos to pass on gift of faith Celebrations of the 500th anniversary of the arrival of Christianity in the Philippines kicked off in the Diocese of Maasin Trending Pope Francis celebrates Easter Mass on April 4 at St. Peter s Basilica in the Vatican. (Photo: Vatican Media/AFP) As bishops across the Philippines opened holy doors at their cathedrals, Pope Francis sent a video message encouraging Filipino Catholics to celebrate the 500th anniversary of the arrival of Christianity in their country by continuing to be faithful, generous missionaries of the Gospel. Be grateful for the gift of faith. Thank God for the people who gave you the faith and for all those to whom you will pass it on in turn. Renew your enthusiasm for evangelization. Reach out to others and bring them the hope and joy of the Gospel, the pope said in the video aired April 4. ....
Filipinos give environmental twist to 500th anniversary Catholics mark Magellan s landing in the Philippines by planting 500 trees on Homonhon island Catholics on Homonhon island take part in a procession of the Blessed Sacrament to commemorate the arrival of Magellan and his expedition on the island in 1521. (Photo supplied) Catholics planted 500 trees on the island of Homonhon in Samar province to commemorate the 500th anniversary of the arrival of Christianity in the Philippines. Portuguese explorer Ferdinand Magellan landed on the shores of Homonhon on March 17, 1521, to gather food while on a Spanish expedition that saw one of his vessels become the first to circumnavigate the world. ....
Record-breaking market frenzy will come to an abrupt halt , experts warn Posted MonMonday 15 updated TueTuesday 16 Sue Park bought her first shares after the COVID crash in March 2020. ( Share Print text only Cancel Exactly one year ago, Sue Park decided it was a great time to buy shares for the first time ever. Key points: Tech stocks are expected to fall sharply when interest rates are lifted The ASX went into its shortest-ever bear market in 2020 That was despite the world facing its worst health crisis in more than 100 years. It was also when the Australian market had suffered its worst trading day since the 1987 crash. ....