Fund managers cautious on resources rally

Original article by Vanessa Desloires
The Australian Financial Review – Page: 18 : 15-Aug-16

The benchmark S&P/ASX 200 has gained 3.5 per cent so far in 2016. In contrast, the resources sector (excluding gold stocks) has gained about 15 per cent in the year to date. However, some analysts have questioned whether the sector’s recent performance can be sustained. ST Wong of Prime Value Asset Management suggests that further economic stimulus measures in China will be needed in order to boost demand for commodities.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, PRIME VALUE ASSET MANAGEMENT LIMITED, FIDELITY AUSTRALIAN OPPORTUNITIES FUND, FORAGER FUNDS MANAGEMENT PTY LTD, CITIGROUP PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, SOUTH32 LIMITED – ASX S32, WHITEHAVEN COAL LIMITED – ASX WHC, MACMAHON HOLDINGS LIMITED – ASX MAH, MONADELPHOUS GROUP LIMITED – ASX MND, BHP BILLITON LIMITED – ASX BHP

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