ASX seven years behind the world

Original article by Sally Patten
The Australian Financial Review – Page: 23 : 9-Nov-17

Morgan Stanley Wealth Management’s MD Matthew Koch has downplayed the significance of the S&P/ASX 200’s first close above 6,000 points in almost a decade. He argues that key overseas indices passed their pre-global financial crisis highs between 3-4 years ago. Morgan Stanley’s Christopher Bell adds that the Australian sharemarket’s limited earnings growth means the benchmark index is unlikely to reach its record high of 6,828.7 points for some time. Koch and his colleagues manage some $A1.5bn on behalf of 55 clients.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD, STANDARD AND POOR’S 500 INDEX, NIKKEI 225 INDEX, FTSE 100 INDEX, EURO STOXX 50 INDEX, MERRILL LYNCH (AUSTRALIA) PTY LTD

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