Human progress - a far longer super cycle than the resources sector has ever enjoyed

Perpetual Equity Investment Company

Perpetual Asset Management (Australia)

Human progress - a far longer super cycle than the resources sector has ever enjoyed. The Australian resource sector is haemorrhaging right now and investors might be asking what has changed all of a sudden. The short answer is nothing. This change has been coming for a long time but is only now being factored into share prices... High quality industrial companies can defy a weak global and domestic environment, whereas even well-managed resource companies with high quality ore bodies and low extraction costs are being sold down as commodity prices continue to decline. A very smart investor once said to me that human progress is the product of intellectual, manufacturing and technological expertise and that is why industrial shares outperform over the long run. These companies are the long term wealth creators and this fact has been evident in Australia since 1875. That's a far longer super cycle than the resource sector has ever enjoyed. (VIEW LINK)


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Perpetual Asset Management (Australia)

The Perpetual Equity Investment Company Limited is an ASX listed investment company offering investors access to a portfolio of predominantly high quality Australian and global listed securities, selected by Perpetual Investment Management Limited.

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