These 8 trades have tormented the country’s fund managers this year
Underweight on Commonwealth Bank? Good luck. Long on CSL? Another faux pas for institutional investors trying to beat the index and deliver outsized returns.
Australia’s big fund managers have had to live and survive in seriously uncertain times this year. Bethany Rae
Between Donald Trump’s on-again, off-again trade tariffs, the relentless growth in artificial intelligence, instability in the bond markets and a volley of missiles in the Middle East, the country’s big fund managers have had to live and survive in seriously uncertain times this year.
And that’s just the broader picture. There’s also been a surge of interest in banks, chronically unloved by local money managers but responsible for driving the ASX 200, for instance. In all, it’s a recipe for underperformance.
Emma RapaportCo-editor, Street TalkEmma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
