Finding Earnings Resilience in Australian Equities

In this episode of the Exchange podcast, we sat down with Casey McLean to discuss all things Australian Equities. Casey is the portfolio manager for the Fidelity Australian Opportunities Fund and has worked with Fidelity since 2015. Prior to commanding the Australian strategy, he was the director of equities in Hong Kong where he specialised in Chinese equities and energy. With more than 19 years of asset management experience, his unique insights make for a very interesting conversation about what lies ahead for markets and the relative value of Australian equities.

With rates likely to remain elevated for longer, McLean highlights the potential risk of re-inflation throughout 2024. Despite this, he talks at length about how Australia's strong track record during periods of moderating global growth, coupled with China's re-opening and demand for commodities, is expected to drive counter-cyclical growth opportunities. As a higher cost of capital widens the divergence of winners and losers, Casey provides context to how investors should be thinking to capitalise on market dislocations.

Disclaimer:
The information in this podcast series is for general financial educational purposes only, should not be considered financial advice and is only intended for wholesale clients. That means the information does not consider your objectives, financial situation or needs. You should consider if the information is appropriate for you and your needs. You should always consult your trusted licensed professional adviser before making any investment decision.