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Chanticleer

Here’s the key ASX sector UBS is targeting in 2025

The ASX 200’s strong rise has been tinged with frustration for many investors because of the banks and miners. UBS is hunting in a different sector in 2025.

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Talk to any fund manager focused on Australian equities and you’ll quickly come away confused. If the market is so good, why does it feel so bad?

With a few weeks to go before investors down tools, the ASX 200 is holding on to a 12-months return of just over 20 per cent, and a year-to-date gain of 11.23 per cent. Those are tasty returns from a bull market that’s been running since October 2022. What’s the problem?

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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