How to invest at a record high
We’ve come to an important juncture for investors, but fund managers have very different views on the outlook for the economy and markets - and on the best way to invest.
Investors are torn between factoring in transitory or persistent inflation and what that means for the share market. Simon Letch
The ASX’s ascent to a record high has inevitably led to speculation that the gains can’t last. The new peak hit this week followed sharp gains for energy companies riding high on firm oil prices. Banks and miners played their part as well.
These sectors of the market are the ones most closely tied to the recovering global economy. The Australian economy outperformed in the March quarter, GDP data out on Wednesday showed. The 1.8 per cent growth figure surpassed economists’ expectations.
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