The Future Has Arrived In Australia
Plenty of reasons as to why investors' attention (and money) has been directed towards the smaller end of the ASX. It is here that juicy returns have awaited the more daring adventurers. It is also here that Australian investors have the opportunity to invest in tomorrow's future (instead of in yesterday's stalwarts that are on the defensive). Look no further than at recent IPO data. The average ASX newbie gains +24.5% on first day of public listing. Investors haven't witnessed such buoyancy since the Commodities Super Cycle and, before that, the dot com bubble. Also new: this year's IPO harvest is made up of 50% technology and finance companies. The future has arrived at the ASX. Literally. My Weekly Insights: (VIEW LINK)
Please sign in to comment on this wire.