Justin McCarthy

Previously Director – Financial Institutions and Corporate Research

Justin joined FIIG Securities in March 2007 and was responsible for financial institution research. Justin had over 20 years credit research experience and left FIIG in November 2015.

Education (advanced)

How to protect your portfolio against volatile share prices

Volatility is an indication of risk. The more volatile the price (or return) of a security, the greater its risk. This simple relationship explains why bonds are less risky than shares. Volatility in returns is one of the key differences between the two asset classes and (spoiler alert) therein lies the answer to protecting your portfolio against excessive volatility. We demonstrate this point by assessing the performance of various CBA securities in the wake of last month’s China stock market meltdown

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