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Market Updates

House View - June 2010
We believe there will be a slowdown in growth momentum in 2011. However, in our view the weakness is unlikely to put the global economy into a double-dip recession.

Investment Update: Australian Equities - June 2010
Australian investors showed their lack of confidence in local politics and global economic management leading to a third consecutive month of negative returns for Australian shares.

Investment Update: Global Property Securities - June 2010
Performance during June was hampered by macro-economic concerns which have brought into question the trajectory of the economic rebound. Compounding these economic concerns are the related regulatory actions which might further constrain growth.

Investment Update: Fixed Income - June 2010
Sovereign debt issues continued to be a concern for investors in June resulting in a widening in credit spreads.

House View - May 2010
The current sovereign debt issues and fiscal tightening measures in Europe are a reminder of how important the decisions of policy makers are to the global economy. Financial markets are clearly being influenced by expectations of future growth and the need for sustainable economy recovery.