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1. US households are buying equities

University of Michigan data suggests that US households are buying aggressively into the share market over the past 6 months.

2. Accountants in short supply

Accountants and auditors are in decline. One of the key reasons sighted is burnout. Long working hours previously seen as a badge of honour has been quoted as a deterrent for younger people wanting to join the industry.

Source: BofA Global Research, Factset, Firetrail (October 2024)

3. Australian elective surgery waitlists going higher

Ramsay Healthcare held an investor day in Perth. One of the key messages was the struggles in the hospital sector including growing wait lists for elective surgery.

Source: Ramsay Investor Day, abc.net.au (October 2024)

 

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Disclaimer

This article is prepared by Firetrail Investments Pty Limited (‘Firetrail’) (ABN 98 622 377 913, AFSL 516821) as the investment manager of the Firetrail Australian High Conviction Fund (ARSN 624 136 045), the Firetrail Absolute Return Fund (ARSN 624 135 879), the Firetrail Australian Small Companies Fund (ARSN 638 792 113) and the Firetrail S3 Global Opportunities Fund (ARSN 653 717 625) (‘the Funds’). Pinnacle Fund Services Limited ('PFSL') (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the relevant Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

Links to the Product Disclosure Statement: WHT3810AU, WHT5134AU, WHT3093AU, WHT7794AU

Links to the Target Market Determination: WHT3810AU, WHT5134AU, WHT3093AU, WHT7794AU

For historic TMD’s please contact Pinnacle client service Phone 1300 010 311 or Email service@pinnacleinvestment.com

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