When the market is fixated on the present, there is an advantage in asking what a business will look like in three to five years’ time. That question is particularly relevant for a segment of the Australian market that has been swept up in the recent volatility despite showing little change in underlying operating performance.
Australian mid-cap stocks, many of which are genuine category leaders with long runways for growth, have derated sharply over the past six months. For advisers building long-term portfolios, that combination of falling prices and stable fundamentals is worth paying close attention to.
To learn how investing in Australian mid-caps could benefit your clients’ portfolios – and earn some CPD – check out this month’s quick CPD article.
Read the article and complete the CPD quiz for 0.25 CPD in Technical Competence.