Business
Are ASX 200 shares set to climb 15% higher in 2021?
ASX 200 shares have been up and down in the past year. The S&P/ASX 200 Index (ASX: XJO) plummeted lower in the March 2020 bear market before finishing with a near-record December quarter performance.
According to an article in the Australian Financial Review (AFR), one market strategist is tipping up to 15 per cent gains for Aussie shares in 2021.
Where are ASX 200 shares headed in 2021?
Market strategist UBS is tipping the benchmark Aussie index could climb to 7,600 points, up 15.4% on current levels.
A strong public health response to the coronavirus pandemic has laid the platform for more gains. That, alongside a rotation towards value shares, could help boost ASX 200 shares higher this year.
JP Morgan’s Jason Steed was also…
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