The Insurance Sector continues to struggle

Nicholas Forsyth

Market Matters

Over the last month the ASX200 has rallied 2.4% but the insurance sector slipped 0.4%, this comes as the local bourse continues to be nerved by future margins. Insurance companies clearly carry an inherent risk by the nature of their business and when badly managed, as we have witnessed over recent years by QBE, can be a treacherous place to invest. Hence personally, I want to see real value before investing in this vulnerable sector. Overall I believe earnings risks to the sector are to the downside and stock prices are being supported by the almost panic chase for yield. Interestingly I have very different technical views on the main stocks in the sector. This sector, I believe is no longer an exciting place to be invested, I much prefer the REIT’s. For full report including AMP, IAG, QBE & SUN please click here (VIEW LINK)


Nicholas Forsyth
Director
Market Matters

Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...

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