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The Australian Equities market moved significantly higher (+23.8%) over the 2019 calendar year, which provide stark contrast to the weakness that preceded the period when the benchmark fell 8.4% in the December 2018 quarter.
2019 provided a strong year of returns for Australian Equities, however many active managers struggled with the market environment which saw returns underpinned by a significant increase in valuations, rather than being driven by underlying fundamentals.
