Chanticleer
This year’s winners were hiding in plain sight
Australia’s fund managers were chasing their tails from November when the market started running. Plenty never caught up, and one sector proved most costly.
The big four banks are the ASX’s story of the 2024 financial year.
Little or no earnings growth, a mortgage war, a softening economy, returning capital to shareholders, and better yields in a government-guarantee term deposit than two of the big four banks’ shares.
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