Original article by Richard Henderson
The Australian Financial Review – Page: 27 & 33 : 1-Apr-21
Platinum Asset Management CEO Andrew Clifford warns that the ‘speculative mania’ in growth stocks is not sustainable and will eventually end. He believes that rising yields on long-dated bonds will be the catalyst for the demise of the boom at the speculative end of the sharemarket. Clifford expects investors to re-embrace cyclical stocks as the domestic economy opens up in the COVID-19 pandemic and hard-hit sectors such as travel and leisure recover.
PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM