Why this market veteran believes shares won’t be locked down
The sharemarket’s rise in the face of pandemic lockdowns might look odd, but the composition of the ASX is very different to the real economy, says AFIC’s boss.
The fund managers of Sydney and Melbourne are in hard lockdown, and as with most in these stricken cities, tracking delta has become more important than finding alpha or beta.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
