Aust stocks not as dear as USA
Australian stocks are moderately expensive but far from as overvalued as the US market, according to Rothschild Asset Management's Callum Burns.
Australian stocks are moderately expensive but far from as overvalued as the US market, according to Rothschild Asset Management's Callum Burns.
Burns says the value of the Australian stock market on a price earn-ings ratio was slightly above fair value. But investors can still pay too much for good assets, Burns warns.
"The road to ruin, as we know, is littered with investors who bought quality assets and still paid too much for them," he says.
Burns also says the emergence of a telecommunications sector in Aus-tralia was a boon to investors and the return on equity in industrial sector is set to lift.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
