Issue: August 2011

Welcome to the August edition of 2020's Investor Intelligence newsletter.

It appears that volatility has well and truly returned to the markets.

In this month's newsletter we include a timely commentary from Russell Investments and an extended commentary by Michael Lannon to help answer the question on everyone's lips - is this the beginning of another global financial meltdown?

SPECIAL MARKET UPDATE

S&P downgraded US credit rating for the first time ever

	In response to the US debt rating cut announced by Standard & Poor's over the weekend, we include a special update by Russell Investments that helps you make sense of these latest market developments.  Special market update from Russell Investments

FEATURED FUND

"Core" global equity fund

	Highly diversified core global equity fund providing exposure to over 700 securities in over 40 countries. BlackRock Global Allocation Fund

MICHAEL'S COMMENTARY

Is this the beginning of another global financial meltdown?

	Read Michael Lannon's special commentary this months for his take on what the volatility in the past week means for Australia and Australian investors.   Read Michael's full commentary

Current Offers

Fund Rebate Closing Australian Unity Diversified Property Fund - Public Offer  N/A 30/09/2011 2020 Dynamic Australian Equity Fund N/A Ongoing BlueChip Series BlackRock Top 20 Index N/A Ongoing View all latest investment offers

Fund Bites

OnePath	New ANZ Term Deposits will soon be available through OneAnswer. Six investment terms ranging from 3 months to 5 years.
Man Investments	OM-IP 15seven maturity - election notices due 17 August. Renew through 2020 for 2% sales commission rebate.

Standard & Poor's re-rated funds

Below are some recently fund re-ratings by Standard & Poor's. Colonial First State Managed Investment Funds - Global Share On Hold Colonial First State Managed Investment Funds - Geared Global Share On Hold Advance Asian Equity Fund On Hold Not Rated
RATINGS PROVIDED BY:	Find out what the star ratings mean See all recently re-rated Managed Funds See all recently re-rated Super Funds See all recently re-rated Pension Funds

SPOTLIGHT ON THE 2020 DIY PORTFOLIO SERVICE

Standard & Poor's Portfolios - How does your portfolio compare?

	The 2020 DIY Portfolio Service makes available the portfolio construction expertise of Standard & Poors to retail investors for the first time. S&P has created sample portfolios using 'best of breed' funds to provide you with a benchmark to help you compare your own portfolios. How does the performance of your own portfolio compare? Compare and monitor your portfolio now