At Hamilton Wealth Partners we are very fortunate to have a fantastic Advisory Board. This article by Damon Kitney highlights two of our Advisory Board members Greg Richards and Amanda Rethus.
HWP and our key call for 2021 has been highlighted being Emerging Markets or EM equities.
TINA, “there is no alternative” and whilst interest rates remain low and central banks and governments continue to stimulate economies, money will continue to support equity markets, but expect volatility to continue.
Damon Kitney looks at 2021 and what could be ahead of us and we are pleased we could contribute.
EM is a misrepresented term. It is not only dominated by four large Asian markets that make up 76 per cent of the index but also by a very few largely China-based companies. In other words, it is an Asian index with a few other markets thrown in.
In addition our Managing Partner, Will Hamilton for the second time in four years won the Industry Thought Leader of the Year award, and the prestigious ifa Excellence Award – Individual.
We are very fortunate to have a fantastic team that have made all of this possible and more importantly we are only what we do, not what we say we are.
In his latest article in The Australian, Will Hamilton discusses how we are in a “lower for longer” outlook and given interest rates in many parts of the world are at zero — with Australia heading that way — there is inevitably debate as to whether the traditional asset allocation of 60/40 equities and bonds is still relevant in this market.
With IT in Australia at 2.4 times its global valuation, healthcare at 2.2 times, industrials at 2.0 times and utilities at 1.6 times, these sectors appear very expensive against their global peers to the extent that they can be compared.