Chief Investment Officer, Sean Fenton and Portfolio Manager, James Delaney discuss how the current market backdrop is impacting Australian equities, including the sectors well positioned for the year ahead.

Topics covered

• 00:00 – A recap on how we invest in a style-neutral way and a comprehensive wrap-up on the winners and losers from the recent reporting season, including the sectors, stocks and themes that stood out.
• 17:00 – The secular shifts driving markets with a look at the transitory vs sticky inflation debate and how services pricing has been impacted by labour markets and wages growth.
• 28:15 – We look at the valuation effects of rising interest rates for growth stocks and the performance of the S&P/ASX 200 by each Sage Group over the 12 months to 31 January 2023 - with Resources leading and REITs lagging.
• 36:40 – What has helped drive returns over the last 12 months and a look at the contributors to return by Sage Group for the CC Sage Capital Absolute Return Fund over this period.
• 38:40 – The 2023 outlook for markets, how will the forces of sticky inflation, the re-opening of China and elevated developed market recession risk play out in equities markets this year.