Small cap stocks have had a great year and in some cases are up 30 - 50 per cent
Small cap stocks have had a great year and in some cases are up 30 - 50 per cent. This growth has been driven by PE expansion, which is typical for the early stage of a bull market. For the share market to go higher, we need to see earnings growth, which at the moment remains patchy. There were a number of earnings downgrades during the recent AGM season - a sign that there may have been a softening of economic activity in the second half of CY13. February earnings season is a key indicator for us and we will be keeping a very close eye on the outlook statements delivered in the company presentations. Equity Analyst Matt Haupt, talks through our view on the outlook for the Australian market.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap...
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