Business
Top picks amid ‘violent’ market rotation – The Australian Financial Review
Fund managers are backing the ‘violent rotation’ towards travel stocks sparked by the promising phase three results from multiple COVID-19 vaccine candidates, saying…
Mr Rehder said his top reopening pick was Qantas. The Kardinia fund has also bought Flight Centre and casino operator Star Entertainment.
On Tuesday, Qantas rose 3.9 per cent to $5.57 while Flight Centre added 3 per cent to $16.59, driven by a combination of positive vaccine news and the reopening of the Queensland border.
The pent-up demand for travel is huge and as such, we remain overweight the airport and travel industry.
Sarah Shaw, 4D Infrastructure chief investment officer
4D Infrastructure…
-
Noosa News19 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News20 hours agoMotorcyclist dies in crash with truck
-
Noosa News21 hours agoSomerville House investigating after teachers’ dossier on students leaked
-
Noosa News19 hours agoAustralia Post reintroduces weekend deliveries for Christmas parcel rush