Aberdeen backing the big miners to ride the next wave

Rob Penaloza of Aberdeen Asset Management is backing BHP and RIO to ride out of the current storm. The fund manager, speaking with AFR Smart Investor, says he’s recently added to the BHP position..."We want to be backing those dominant miners that have got their houses in order and that are world class, and that's what we are continuing to do. One of the things we liked about these businesses is they can ride the up cycles very well because they are world class… Because they've shown the discipline they've always had in place, all they need is to turbo charge. There's no reason we won't be able to ride the second wave, the trajectory just won't be as steep [as the rise in value during the resources boom]." (Source: AFR, paywall) (VIEW LINK)


The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.