When defensives aren’t defensive

When defensives aren’t defensive

Jenny Josling

Defensive businesses with steady growth, stable profits and solid balance sheets often provide good investment opportunities during mature bull markets, but the situation today looks different. Markets are expensive, but so are defensives. Investors haven’t lost their appreciation of reliable fundamentals – if anything, they look to be placing too much value on predictability. Orbis Investments details the rationale behind this change and how this could impact your portfolio.

Read the full story here.

This article was first published by Orbis Investments.

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