Industries that are bucking the trend

Much has been said on the sectors that have been suffering from various headwinds in recent years; banks, resources, insurance, engineering and others have all suffered. Among all the negativity, however, there are some bright spots which are hard to ignore. Phil Parker, Executive Chairman at Altair Asset Management, says they see some pockets benefitting from updrafts, and some suffering from downdrafts; “there’s still some really good pockets of the Australian economy that you can take advantage of.” Simon Bonouvrie, Portfolio Manager at Cadence Capital, still sees potential in the tourism sector; “the low Aussie dollar makes it cheaper for foreigners to come and visit Australia and holiday here.” In this thematic discussion, we asked our panel for their thoughts on which sectors of the Australian economy will continue to outperform.