Mirrabooka Investments says many of the initial public offerings that came to market late last year were expensive, with the listed investment company prepared to ramp up its cash holdings in 2014.
Mirrabooka managing director Ross Barker noted the Australian equities market was “fairly fully priced", with good investment opportunities becoming more limited.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
