26 September 2018
Weekly Insights From The FNArena News Desk 24/09/18
On Monday, AXA Investment Managers held its annual media round table in Sydney which includes open floor conversations with a number of in-house experts who usually operate offshore.
The Global CEO of Rosenberg Equities, essentially the in-house stockbrokerage for the asset manager who thinks and operates globally, Heidi Khashabi Ridley, suggested the house view has now shifted in that increasing exposure to higher quality equities at still reasonable prices seems but the most logical/prudent strategy given the cycle is getting long in the tooth.
Admitting “defensive” today may not necessarily equal “defensive” ten years ago when Fed tightening and an end to the economic cycle triggered an extremely harsh global bear market, the view at Rosenberg Equities is that quality growth at a reasonable price pretty much resembles the best defensive asset in today’s context.
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