Hyperion on Banks, Investment Managers and IPOs
Tim Samway Managing Director, Hyperion Asset Management is happy to be fully invested, identifying a number of stocks that can grow well above the broader market. In the finance sector this doesn’t include holdings in Aussie banks, “we think their long term credit growth is going to be challenged. It’s not like it was 10 years ago when credit growth was high double digits, its now mid single digits…no matter what other things are happening it is very hard for them to get that same level of growth.” Stocks that Hyperion do hold in the financial sector include Macquarie (ASX:MQG) and a number of the fund managers. In the video below Samway gives investors his view on the IPO’s in Australia over the last couple of years and also provides insight on the factors that could affect future M&A activity in Australia.
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