Angus McLeod, Portfolio Manager at Vanguard's Equity Investment Group has given his insights on equity markets

Angus McLeod, Portfolio Manager at Vanguard's Equity Investment Group has given his insights on equity markets. On Australia's poor performing equity markets compared to the US and Europe since the GFC, he said there are two main explanations: US monetary policy and Australia's reliance on China. China's slowdown and the prospects of a hard landing are very undesirable for the economy, and on this he said that the Australian economy is exposed to the fortunes of China and vulnerable to economic developments there. Chinese authorities' control of the economy is strong but their capacity to keep the growth engine ticking over at above 7 per cent is critical to Australia's economic outlook. In addition, McLeod also touched on the prospects for the local currency, potential overheating of equity markets at present and their outlook on investments in equities in general. (VIEW LINK)


Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

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.