Australian Equities - Investment Update
Markets today have an eerie similarity to 1989. Large sections of the stock market - real estate, telcos and healthcare - have soared. The financial sector now dominates market capitalisation to the greatest degree ever with everything financial and yield rallying and everything ‘real’ not. Is now the time to be protecting capital versus aggressively growing it? As traditionally defensive businesses and assets are re-priced by yield hungry investors where are the opportunities? Andrew Fleming, Deputy Head of Australian Equities, discusses his perspective on the issues driving markets and where he sees the real opportunities.
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