Business
Why ASX shares are in awesome shape vs overseas markets – Motley Fool Australia
Local companies will survive and thrive as the COVID-19 pandemic passes. Here is the reason why.
Australian shares are in strong shape compared to northern hemisphere markets, according to two fund managers.
First Sentier Investors deputy head of Australian growth equities David Wilson said that this is because local funding is “in pretty good order” to see them through to post-COVID recovery.
“Australian companies raised equity very quickly and put their balance sheets in a good place,” he said in a Livewire video.
“They did the same thing in 2009… Just the whole equity capital market seen…
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