On Aug 12, 2022 Chinese state-owned oil major PetroChina Company Limited (PTR) announced plans to delist its ADS from the NYSE. The depository BNY Mellon has published the termination notice. According to this notice, the ADR will be terminated effective Monday, Oct 17, 2022. An excerpt from the notice: Under the terms of the Deposit …
The average bull market in Australian equities lasted for 65 months and the average bear market lasted for 14 months based on Australian All Ordinaries Index returns from1970 to end of June, 2022. The average bull market return was 157% and average bear market decline was 29%. Click to enlarge Source: Market Insights, Bull and …
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Healthcare spending in the US is the highest in the world. On a per capita basis the US spends more than any other OECD country as the below chart shows. In 2021, the US spent $12,318 per per person in healthcare spending. The second highest among OECD countries was Germany at $7,383 followed by Switzerland. …
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The chart below shows the total returns for major asset classes for the past 30 years from 1993 to June 2022 from an Australian market perspective. The chart again proves the importance of diversification. Only in rare occurrences, have the winning asset in one year is also the winner the following year. Click to enlarge …