The haves and the have-nots

Chris Hestelow

Allan Gray

In our latest edition of Why Axis, we discuss the huge gap between expensive and cheap Australian shares and why investors are paying a much bigger premium than normal for popular growth stocks. As contrarian investors, we are holding the out-of-favour shares, or the have-nots, and we’re being rewarded until the gap narrows.

Please don’t hesitate to share your feedback with us, including any subjects you would like to see covered in future editions, and simply contact us to let us know your thoughts.




Chris Hestelow
Investment specialist
Allan Gray

Chris joined Allan Gray Australia in 2019 as a Research Associate, before becoming a Business Development Manager in 2020 and our Investment Specialist in 2023. Prior to joining Allan Gray, Chris worked at BT Financial Group from 2014 to 2019,...

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