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
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
