Live preview mode. Wire is not yet published.
Jeremy Bendeich, CIO of Avoca says With the likelihood of Toyota exiting Australian manufacturing increasing post Holden's exit, we sold our small remaining...
Jeremy Bendeich, CIO of Avoca says With the likelihood of Toyota exiting Australian manufacturing increasing post Holden's exit, we sold our small remaining position in McMillian Shakespeare. With no manufacturing industry to protect, there is little reason to support the FBT concession for vehicles. It is likely the government will remove this concession to offset the cost of removing all remaining tariffs and artificial trade barriers to car importation. We would be wary of investing in any business that has exposure to used car prices over the next one to three years. For these reasons, we are also avoiding the IPO of SG Fleet. Read the monthly report from Bennelong Avoca Emerging Leaders fund: (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bennelong Funds Management develops and distributes active funds locally and around the globe, offering high-grade investment solutions to institutions, financial advisers and direct investors.
Comments
Comments
Sign In or Join Free to comment