Maxim Investment Market Updates

Blog
Thursday 21st May 2020

Maxim Investment Market Updates

Blog
Thursday 21st May 2020
Written by Matt Haggarty

Maxim is bringing you specialist commentary on a regular basis from leading fund managers who have input to client portfolios. Keep an eye on our website and socials for more updates.

In this video Global Equity Portfolio Specialist Sam Ruiz from T. Rowe Price Australia Ltd discusses key themes of stimulus, the reopening of economies and US/China tensions. Sam says markets have seen four key phases in global markets for 2020 and pleasingly the Global Equity Fund has outperformed in each of these.

In terms of sectors, their largest overweight now is in financials followed by consumer discretionary favoring the online e-commerce players. They have taken some profits from healthcare in some of the larger pharmaceutical names. Underweights are in consumer staples with the belief that now is not the time to be overly defensive.

Sam says they remain optimistic from here and with the selloff behind them, it’s believed this could be the catalyst for the next bull market.

Click Here to view the video. 


With permission of the author, this article is presented by Maxim Private Clients Pty Ltd ASFL No. 511972


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Disclaimer: This material has been prepared without considering any potential investor's or clients objectives, financial situation or needs. This article is of a general nature and does not consider the individual circumstances of its recipients. Any information contained within this publication should not be misinterpreted as advice in any way. Please consult your financial advisor should you have any questions or concerns