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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.
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