Australian Equities - Investment Themes and Sector Outlook
17 August 2021
This article has been prepared by Northcape Capital, the underlying investment manager for the Warakirri ‘s Australian Equities Funds.
The last 12 months saw a sharp rebound in the S&P/ASX 200 index, as investors began to price in a strong cyclical recovery in activity and profits. The Reserve Bank added liquidity to the system while government support measures aided growth. Continued economic expansion is expected in the year ahead but at a slowing pace. Some tailwinds from last year such as fiscal support and domestic tourism spending could become headwinds.
