This is what Australia's top investors are predicting in 2024
Miracle drugs, battery tech and a private equity reckoning. This is what fund managers are thinking about in the new year.
The future is notoriously hard to predict. Rewind 12 months and markets were pricing in a US recession in 2023. Today the US economy is still growing, the unemployment rate in America has barely budged at 3.7% and the S&P 500 looks like closing out the year 20% higher than it began.
It demonstrates the folly of trying to anticipate how markets might shake out in the far off future.
Yet, in saying that, it is also illuminating to see how Australia’s money movers see the state of play today and what themes and issues they think will preoccupy them tomorrow.
Enter Future Generation, a philanthropic listed investment fund that gives retail investors exposure to some of Australia’s top fundies, and which supports youth charities. Some of its fund managers told Capital Brief what they predict will dominate headlines and markets in 2024.
