Finding value in Australian markets
CIO MONTHLY | SEPTEMBER 2018
Despite the negative commentary that often surrounds Australia's outlook, recent data suggests relatively robust growth ahead.
The past month has delivered little resolution to the key questions plaguing investors as the cycle matures. Can strong global growth be sustained beyond this year, and inflation and wage pressures stay benign, allowing risk markets to grind ever higher? Alternatively, will tightening jobs markets foster an unexpected lift in inflation, or will global growth fail under the weight of a persistent trade war and other geo-political risks?
Over recent months, we've spent some time focusing on global opportunities. This month, we take our focus back to Australia, a core holding in portfolios. We take a look at the pulse of growth and the risks to the outlook for both the economy and markets. We also share first impressions around the impact of the recent political upheaval and the equities reporting season themes.