An effective vaccine could be the turning point for value stocks, but perhaps not just yet

first_img– Advertisement – – Advertisement – Value stocks have been on a tear in the last week after positive vaccine news from Pfizer and BioNTech raised hope of the U.S. economy staging a fast recovery next year. However, investors loading up on beaten-down value names should brace for some volatile swings as risks to the group linger.The iShares Russell 1000 Value ETF (IWD) rallied 5.7% last week after Pfizer and BioNTech said Monday that their coronavirus vaccine candidate was more than 90% effective at preventing the coronavirus during a late-stage trial. Value’s gain came at the expense of high-flying growth stocks. The iShares Russell 1000 Growth ETF (IWF) lost 1.2% last week.center_img Traders work the floor of the New York Stock Exchange.NYSElast_img

Springfield Lakes home close to shops and schools on the market

first_img25 Esperance Crescent, Springfield Lakes.The house at 25 Esperance Cres had been completely renovated and Mr Pedersen said it would be best suited to a young family.He said there was plenty of room for pets, and the yard was fairly large. “We’ve got a rottweiler, Lily, who I love taking for walks around the park with my wife,” Mr Pedersen said.“We often see families kayaking down by the lake, too, which is a lovely sight.” More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The property, on a 513sq m allotment, is in a handy location, with parks and a lake at the end of the street. 25 Esperance Crescent, Springfield Lakes. 25 Esperance Crescent, Springfield Lakes.Glenn Pedersen is selling his property of 18 months and building a home on acreage instead.Originally seeking an investment property, Mr Pedersen was drawn to the growing Springfield Lakes area, and said the four-bedroom, two-bathroom home was perfect, as his children were older and had moved out. 25 Esperance Crescent, Springfield Lakes.The large kitchen has an island bench ideal for food preparation.There are queen-sized bedrooms, perfect for the kids or visiting guests.Mr Pedersen said he loved being outdoors and enjoyed the breezes from the patio area.McGrath Springfield selling agent Matt Moran said the property was an easy walk to Orion Shopping Centre and there was direct rail access to Brisbane’s CBD. 25 Esperance Crescent, Springfield Lakes.Mr Pedersen described his home, which had enjoyed a fresh lick of paint on the inside and outside, as “looking quite flash”.“The inside and outside have had a complete makeover,” Mr Pedersen said. “It’s been upgraded with a modern look.”Features within the home include a family/dining area, media room, large alfresco and a decent outdoor space.last_img read more