Thematic: Consumer staples lead Australian market

Consumer staples are leading the way in the Australian market on the back of the country's mildly ri...

Consumer staples are leading the way in the Australian market on the back of the country’s mildly rising interest rate environment. Mark Daniels, head of Australian equities at Aberdeen Asset Management, says consumer staples are currently seen as defensive while industrials should benefit from rising infrastructure spending in Australia. “At the moment we are underweight healthcare, slightly underweight financials and materials, overweight consumer staples and slightly overweight consumer discretionary and industrials,” Daniels says. “Although underweight in materials we only hold BH...