Here’s what we’re seeing…

  1. Consensus trade is becoming more consensus
  2. Local market remains range bound despite the increased levels of volatility
  3. Investors continue to pay a premium for a perceived certainty of earnings
  4. Gold is taking its cue from the bond market
  5. Yield search has intensified as the prospect of lower rates increases
  6. Defensive stocks are becoming the default investment
  7. Offshore investors appear to be reducing long held underweight Australian view with falling currency
  8. The overweight in the Energy sector appears to have been unwound
This promotional statement has been prepared by Discovery Asset Management Pty Ltd ACN 168 787 353 a Corporate Authorised Representative No. 456684 of Channel Investment Management Ltd ACN 163 234 240, AFSL: 439007. This promotional statement is provided for information purposes only. Accordingly, reliance should not be placed on this information as the basis for making an investment, financial or other decision. This promotional statement does not take into account your investment objectives, particular needs or financial situation. While every effort has been made to ensure the information in this promotional statement is accurate; its accuracy, reliability or completeness is not guaranteed. Past performance is not a reliable indicator of future performance.