Why ANZ and NAB are the safer bets

Martin Conlon

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)


Comments

Please sign in to comment on this wire.