Is the recent correction in wealth managers providing a good entry point
Is the recent correction in wealth managers providing a good entry point? I think so. Mark to market downgrades are only minimal at this stage and if the ASX200 holds around 4700 then the 1H14 average will be nicely above 1h13 which should mean revenue growth for the sector. Something that I suspect will be hard to find in FY14.
David Allingham is a Portfolio Manager at Eley Griffiths Group and has over 16 years’ experience analysing small and emerging companies at Eley Griffiths Group. Prior to joining EGG in 2004, David worked in marketing at EMI Music Australia. David...