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| Fund Overview | |
| Manager Comments | As at 31st December 2013, the Fund's exposure to non-Australian dollar earnings streams (inclusive of companies with global earnings profiles such as Resmed, Fox Group, CSL, NZ based companies and US dollar exposure) stood at 22%. In terms of outlook the manager notes that 'several important factors continue to have a medium term positive impact on consumer and business sentiment. These include: Political certainty after a nine month election period; stronger asset prices (in almost every asset class); a surprisingly firm iron ore price (vital as Australia's largest export); the banks exhibiting a re-invigorated appetite for lending and an improving global economy; a surprisingly resilient employment rate and consistently low interest rates. The above factors are translating into an exuberant environment for financial assets as investors anticipate any sign of green shoots to indicate an imminent recovery.' |
| More Information | » View detailed profile of this fund |
