Australia’s Time to Shine?

At Devon we focus a significant amount of time and energy on the Australian stock market and we have a heavy investment weighting to it across many of our funds. In recent months our Australian exposure has performed well and has helped drive the good returns we have achieved, however over the past five years the Australian market has notably underperformed the New Zealand market.  As we look to the future we are of the view that valuations in Australia are looking increasingly attractive and we are currently identifying a range of very interesting investment opportunities over there.  The most direct exposure we offer to the Australian market is the Devon Australian Fund – many of the Devon funds invest into Australia but the Australian Fund is solely focused there with a diversified portfolio of around 35 listed Australian companies…Read more