Both Charlie Aitken from Bell Potter and Steve Johnson from Intelligent Investor like the outlook for QBE

Tom McKay

Both Charlie Aitken from Bell Potter and Steve Johnson from Intelligent Investor like the outlook for QBE. Johnson has said that with most of QBE's business overseas Australian investors will benefit from the depreciating currency. Further, QBE has a $30B investment portfolio that will generate more positive returns as interest rates rise. Aitken notes that the 5 year QBE graph is almost perfectly correlated with US 10 year bond yields so if you believe interest rates are going up then this might be a good place to put some of your cash.


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