Leveraging market themes during 2016

Portfolio positioning in such an abnormal macro-economic environment is a difficult and potentially hazardous exercise. Despite the difficult backdrop, thematically driven and bottom-up stock picking is still delivering solid equity returns for investors. We detail a dozen themes – and the best stocks to leverage them – that are useful for both capital protection and return generation in 2016 in our latest Equity Strategy note. Link found here (VIEW LINK). In the video below, Analyst Andrew Tang discusses the implications of a possible Brexit and the upcoming May Budget and Federal Election. We think both the budget and Brexit risks have been overplayed and the impact on earnings will be less than the market expects. We see this as an opportunity to add BT Investment Management (BTT) and Challenger Financial (CGF).