Why ANZ and NAB are the safer bets
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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Martin is the Head of Australian Equities, and leads the portfolio construction process for Australian Equity portfolios, while also retaining analytical responsibilities for a variety of sectors including Diversified Financials, Gaming, Telecommunications and Insurance.
4 stocks mentioned
Martin is the Head of Australian Equities, and leads the portfolio construction process for Australian Equity portfolios, while also retaining analytical responsibilities for a variety of sectors including Diversified Financials, Gaming,...
Expertise
Martin is the Head of Australian Equities, and leads the portfolio construction process for Australian Equity portfolios, while also retaining analytical responsibilities for a variety of sectors including Diversified Financials, Gaming,...
Expertise
Comments
Comments
Sign In or Join Free to comment