As in individual investor it can be hard to have a strong view on a stock without the opinions of others, which makes it all that more impressive when a contrarian investment manager has high conviction for an unloved stock, writes Vanessa Stoykov.
Although global markets have been relatively calm as of late, continuing geopolitical risks and looming monetary policy changes are on the horizon. A key question for many investors is whether this period of low volatility will give way to a more turbulent future. Franklin Templeton’s senior investment leaders offer their perspectives on the markets, and discuss where they see opportunities and risks ahead.
Global shares have risen in value almost 180 per cent in Australian dollar terms since 2009 and as a consequence, share valuations look high and the US market appears to be very expensive. However, when you start investigating specific stocks, there is still value to be found if you’re prepared to do the groundwork. Dr. Graeme Shaw of Orbis Investments presents the evidence supporting these two apparently contradictory views. He also details the process Orbis undertakes to identify and tap into undervalued stocks in emerging markets and explains why this sector presents a sweet spot of opportunities for value investors.
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
