Australian fund managers are having one of their worst runs in the past 15 years. But the reason for their underperformance might eventually turn out to be good news – they are shunning local growth stocks, which are the most overvalued in the world.
The shooting stars of Australia's market don't just look expensive on a local basis - they are global leaders too. David Rowe
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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
