Has Telstra now become the default, go-to destination for yield seeking investors in the Australian share market

Has Telstra now become the default, go-to destination for yield seeking investors in the Australian share market? I think the answer is yes. The national incumbent in telephony is large, a well-known household name, carries a positive image amongst investors post the Future Fund exit-related crash to $2.62 in 2010 and, above all, it carries remarkably little direct exposure to the Grand Themes that keep investor minds ticking at night: what if Australian property prices do have a correction? What if the Australian dollar refuses to go down? What if China does experience a proper correction in its property markets? Bottom line: it'll be difficult to resist the shares given ongoing prospects for higher dividends and for more share buy backs (Telstra will be swimming in cash even on a low growth profile). My Weekly Insights this week: (VIEW LINK)