Martin Conlon, Head of Australian Equities at Schroders, gives his views on the outlook for banks and why, among the big four, he prefers the Melbourne-based duo over the Sydney-based pair: "“Our positions are always just driven by valuations. And the Melbourne banks being ANZ and NAB have really just been our preference primarily as a result of the valuation. Wespac and CBA have been the epicenter of the housing lending in Australia.” Watch this quick video for Martin's view on the sector as a whole, and why it makes him more cautious on the Sydney Duo. (VIEW LINK)
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