TrackInsight: Positive performance from Australian stocks
05/26/2020 | 01:00pm EDT
The ASX 200 index jumped to an 11-week high and since hitting its low point in late March.
The Australian Large Cap stocks segment on TrackInsight gathers 10 ETFs and won 2,33% on average this Monday, May 25th. The ASX 200 index jumped to an 11-week high and since hitting its low point in late March, the Australian stocks segment has surged by about 20%. This positive trend is supported by investors optimism about the economic recovery from the coronavirus crisis. Yesterday, tourism-related companies have surged after Treasurer Josh Frydenberg invited the government to consider a stimulus to this sector particularly affected by the crisis. Over the last thirty days, this segment has increased by 10,22% and it has attracted $ 175 million of new assets from the primary market, bringing the total assets under management to $ 4,7 Bn.