When the pandemic arrived early in 2020, Australian investors were slow to react. They hit a collective panic button in March, and remained for the most part in damage limitation mode into fiscal year-end.
The balance of payments, published each quarter by the Australia Bureau of Statistics (ABS), provides an instructive and authoritative view of the period. Flows by residents in and out of overseas equities and investment fund shares is the best proxy overall.
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Grant Wilson is Executive Chair of Tivan Limited, a critical minerals company with major project status in the Northern Territory. He sits on the Advisory Board of Exante Data, Inc, a macro advisory and data analytics company based in New York. Connect with Grant on Twitter.
