Shift out of select cyclical-industrial stocks and start increasing exposure to resource companies

Shift out of select cyclical-industrial stocks and start increasing exposure to resource companies. After taking profits on retail names such as Super Retail, Kathmandu and the Reject shop Ben Griffiths, Portfolio Manager at Eley Griffiths Group, has been steadily increasing his exposure to resources stocks. Griffiths' portfolio invests in ex100 stocks where resources make up about 20% of the index. Griffiths has been marching his portfolio exposure from a position of 7%-8% up towards 17%-18% with a view to reaching that 20% level. It is now becoming rather dangerous as a professional manager of money to bet against the resources market in favour of industrials. From a timing perspective Griffiths says the cycle is moving back towards a boom phase and fundamental prices are forming a base and moving higher. Recent additions include Sirius, PanAust, Independence Group, Western Areas and Sundance Energy. Starts at (1.50) excellent viewing (VIEW LINK)

The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.