There's been a changing of the guard for investors in 2015 that looks likely to extend into 2016.
Instead of the banks, Telstra and resource companies, which are grappling with falling commodity prices, a lack of earnings and below-trend economic growth, a group of stocks linked to the Asian consumption boom are shooting the lights out.
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Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au
