Marketsare tough. You wouldn’t think so if you looked at headline index returns forthe year. Most key indices are firmly in the green and many are already up inthe high single digit if not low double-digit ranges. Unfortunately, this isnot where Australia sits with year-to-date gains at a lackluster 4%. What’smore, the skew to returns (dispersion) has been significant at the stock level.For instance, the Info Tech sector is down 19% while Materials and Energy areup 13% and 11%respectively.
