Australia’s big four banks bounced in March and April as investors bet that higher interest rates would support margins. Lazard took this as a selling opportunity.
in response to the rising official cash rate.
“On a five-year view, energy looks great. Even if you have a big global downturn, we think that energy will feel it, but it will be a short impact. There’s not enough energy in the world and as soon as the world recovers, it’s going to hit back into those supply constraints and prices will come up again really quickly.”
“Some of those businesses that had huge market caps were just absolutely low quality,” he added. “When something’s worth zero, it doesn’t matter what it’s trading at, it’s still uninteresting.”Morningstar’s list of top long-only managed funds for financial 2022 is also populated with infrastructure managers. Clearbridge RARE Infrastructure Income fund returned 19.35 per cent, while the ATLAS Infrastructure Australian Feeder returned 16.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top fund managers warn more pain ahead for equities, iron ore“I’m very firmly in the ‘we’re nowhere near the bottom’ camp,” said Bronte Capital founder John Hempton, whose hedge fund featured in the best-performing strategies of 2021-22.
Read more »
Top fund managers warn more pain ahead for equities, iron ore“I’m very firmly in the ‘we’re nowhere near the bottom’ camp,” said Bronte Capital founder John Hempton, whose hedge fund featured in the best-performing strategies of 2021-22.
Read more »
ANZ targets Suncorp Bank, miners headline trading updatesAustralian miners will headline a slew of corporate updates next week, as US earnings season hits top gear and investors mull ANZ’s mooted bid for Suncorp Bank.
Read more »
Porsche’s $120b IPO pitch shows limits of luxury‘Porsche isn’t a safe bet in a recession because it’s not as exclusive as Ferrari,’ says Daniel Roeska, an auto analyst at Bernstein.
Read more »
ANZ pushes for shareholder friendly $3.5b raisingANZ Banking Group’s board has pushed back against nervy underwriters, demanding a renounceable entitlement offer for its $3.5 billion equity raising slated to launch on Monday morning.
Read more »
ANZ bid for Suncorp Bank ‘a real test’ for regulatorShareholders should not expect the ACCC to wave through the proposed $4.9 billion acquisition, says Royal Bank of Canada’s equities boss Karen Jorritsma.
Read more »