The release of resilient economic data and sticky inflation readings indicated that official interest rates might need to be raised
further in key regions, or at least remain high for longer than was previously anticipated. These fears weighed on share markets worldwide
in the first half of August.
This material has been prepared and issued by First Sentier Investors (Australia) IM Ltd (ABN 89
114 194 311, AFSL 289017) (Author). The Author forms part of First Sentier Investors, a global asset management business. First Sentier
Investors is ultimately owned by Mitsubishi UFJ Financial Group, Inc (MUFG), a global financial group. This material contains general
information only. It is not intended to provide you with financial product advice and does not take into account your objectives,
financial situation or needs. Before making an investment decision you should consider, with a financial adviser, whether this information
is appropriate in light of your investment needs, objectives and financial situation. Any opinions expressed in this material are the
opinions of the Author only and are subject to change without notice. Such opinions are not a recommendation to hold, purchase or sell a
particular financial product and may not include all of the information needed to make an investment decision in relation to such a
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