It was a similar story for the fixed interest market which also remained flat, as the RBA continues to hold interest rates at 1.5%.
Josh Callaghan, Canstar’s General Manager of Wealth, provides some insight into what might have kept the fixed interest market steady and which sectors saw gains in July.
About Josh Callaghan
Josh Callaghan is the former General Manager of Wealth at Canstar and co-founder of Fintech Queensland. In his role at Canstar, Josh was responsible for the strategic direction, operations and commercial outcomes of the Wealth division, which includes Superannuation and Investments. He has over 19 years of experience in product management, strategy, technology and marketing in the financial services industry.