You are viewing:-
you're reading...
1.Market Observations, 2.Strategy, 8.Was Sticky

6 June 2017 (AFR) – Defensive stocks shine in the ASX but fund managers fear a tumble

(6 June 2017, AFR, p28, by Myriam Robin)

‘The ASX’s key defensive stocks, which have soared since November, are trading at record highs and highly inflated valuations, making them highly vulnerable to a sharp correction should inflationary expectations pick up. For the past six months, yield-hungry investors have poured into Sydney Airport, Transurban and APA Group, pushing those companies and many other “bond-proxy” stocks on the ASX to all-time highs.’ <snipped…>

‘On the ASX, key defensive stocks hit a 2016 low-point on November 11 as bond yields surged off the back of the US presidential election. But bond yields have edged down since then, and Sydney Airport…’

Read more at (might need AFR login access, or try:


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: