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Ron Dewhurst, the former head of Legg Mason's international asset management business (Legg Mason are the 4th largest listed fund in the US and manage around...

Tom McKay

Livewire Markets

Ron Dewhurst, the former head of Legg Mason's international asset management business (Legg Mason are the 4th largest listed fund in the US and manage around $700BN) says the search for yield has driven equity markets to be fully valued, particularly in the US, and argues infrastructure is a much better investment. Back in the '90s and 2000s, infrastructure was dominated by investment banks and others who were turbo-charging utilities with debt to get the returns up. Historically, infrastructure has been a yield type of investment. It ticks the box for income. Dewhurst also talks about Australia's future and how we should focus on what we're good at, read the full article here: (VIEW LINK)


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Tom McKay
Managing Director and Co-Founder
Livewire Markets

Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.

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