David Pearl, Epoch’s co-CIO, describes how the market has favoured companies with growth over profitability, how index funds have abetted their rise, and where he sees value in the market today.

The momentum of these stocks will eventually subside. With continued transition from QE to QT, he describes an environment that Epoch characterises as “the return of price discovery.”

David argues that banks have not been getting the credit they deserve for their continued profitability and returning capital to shareholders. Both video and podcast available here.

GSFM

GSFM focuses on creating strong alliances with high calibre investment managers, in Australia and overseas, which offer quality investment strategies not available to Australian retail and institutional investors. Today, our portfolio spans global, Australian and Asian equities, fixed income and private credit, as well as alternative strategies.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.