Steve Black from Pengana discusses one thematic change that he says could become an investment opportunities

Steve Black from Pengana discusses one thematic change that he says could become an investment opportunities. The financial services sector which we're certainly very favourably disposed towards, has been underperforming lately. We've been taking that as an opportunity to buy more of those stocks into the portfolio. The stocks like Platinum Asset Management, IOOF Holdings Limited, Treasury Group Limited, HFA Holdings Limited. Very good companies trading on PE's of 14s and 15s, very little debt, paying fully franked dividend yields of five to six per cent in a market, where you get to see a lot of the flows out of TDs back into the stock market. We think they're the prime beneficiaries of that investor change.