Canny investors should be keeping an eye on the huge gap between soaring tech/mining stocks and a "black hole" of underperformers that could be set for takeovers.
Australia’s small-cap universe is diverging into two worlds – a narrow group of soaring tech and mining stocks, and a black hole of underperformers that are vulnerable to takeover.
This unusual trend is worrying fund managers, amid fears the Australian sharemarket’s fall from its record high is the start of a correction or something worse.
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Tony Featherstone writes on Personal Finance specialising in Superannuation & SMSFs, Specialist Investments.
