A previously close link between the Australian small resources benchmark indicator (green line) and emerging market share prices (white line) broke down during...
John Robertson
PortfolioDirect
A previously close link between the Australian small resources benchmark indicator (green line) and emerging market share prices (white line) broke down during 2012 and 2013 as emerging market prices lost momentum and resources sector equities were re-priced. Over recent months, as risk appetites have appeared to re-emerge, both measures have made gains although the emerging markets price indicator remains within (and at the upper end of) the range it has occupied since the beginning of 2012. Similarly, the resources share price indicator remains within the range it has occupied since the cyclical low point in the market in mid 2013. The two market segments remain closely connected economically with both depending on improved developing country growth rates. Both are nearing important tests of their capacity to push higher.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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