The S&P/ASX200 (ASX:XJO) was dragged lower by the materials sector, one of the 10 sectors finishing in the red, as a 4 per cent fall in iron ore prices dragged it down 2.7 per cent.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) share prices both fell by 0.8% with technology the only sector able to manage a positive result, adding 0.4%.
The iShares S&P 500 ETF (ASX:IVV) could be the best way to passively invest in the stock market, in my eyes.
Elisa Di Marco is the Portfolio Manager of Magellan’s Core International Fund. Elisa Di Marco join Owen Rask on The Australian Investors Podcast to talk Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA).
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