Fund managers wading back into a selection of quality names as value starts to emerge
Fund managers wading back into a selection of quality names as value starts to emerge. AFR Sunday attended the recent Australian Fund Manager awards which took place last week. The back drop was essentially markets in free fall presenting an opportune time to canvas the opinions of some of Australia's leading fund managers. Overwhelmingly the response was that the recent weakness had resulted in renewed buying activity in quality names. However, there were a few bears amongst the crowd including industry veteran Peter Morgan who said he expected the market to correct lower over the next three years. This video provides a great wrap of commentary and some of the stocks that are falling onto the radar: (VIEW LINK). I would also like to congratulate regular Livewire contributor Nathan Lim from Australian Ethical Investors who took out the award for international investing. No mean feat given some of the big names in his category and proving that investing ethically can also deliver results. @nlim