Our view of Global Equities and Beach Energy result
This month Craig Shepherd, CIO provide our view of Global equities. Our positioning reflects our views on the relative value of different global markets and the outlook for the Australian dollar when its value against the USD is extremely dispersed from long-term averages.
In addition, we provide comments on the Beach Energy result, one of the first portfolio positions to report updated earnings. In this update, we hope to provide some nuance surrounding the competing factors to emerge.