Election cheers foreign investors

Asian-based fund managers are reporting a growth in interest from global investors in Australian shares amid expectations that the federal election outcome will produce a more stable investment landscape, according to The Australian.

Hong Kong-based Trafalgar Capital senior portfolio manager Michael Millard said foreign investors are seeing a boost in sentiment towards Australian shares as a result of the coalition victory, adding that the Labor leadership squabbles created “a lot of concern [among Asian investors] about the political instability”, the newspaper reported.

“That probably put them off and it didn't reflect well in terms of investing down there,” he told The Australian.

“We now have a majority government hopefully with clear decisions, so the political environment has removed the excuses (not to invest).”

The election result and the Australian dollar's broad decline so far this year, despite recent gains on its part, have combined to make Australia a more attractive destination for foreign investors.

“Fund managers are starting to consider whether they close what has been a two-year underweight position on Australia,” Macquarie's Hong Kong-based head of Australian and New Zealand equities Scott Dolling told The Australian.

“There was a perceived increase in regulatory risk in most industries in Australia [under the Labor government], and that may have been keeping investors away ... While there may be more downside [on the Australian dollar] there's certainly been some froth come out of it and investors are a little more comfortable.”

Australian shares closed at a five-year high on Wednesday and fresh data showed that consumer confidence in Australia is at its highest since 2010.

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First you shift production to asia. Then you sell off and dismantle your industrial capacity in Australia. Then you flog off the company to foreign investors. These then move its administrative offices to the Asian mainland. Meanwhile through all this you ensure that sufficient funding goes to backing "Free Trade" parties and candidates in Australian elections You further enlist or maintain the support of a monopolised media This - of course means that the Australian workforce becomes increasingly impoverished on the basis that it cannot compete as a result of rents and house prices raised through the influence of foreign investment So then you look to making authoritarian changes to Australian society introducing the repressive austerity of Asian totalitarian states. Bye bye Australia. So long Democracy - it was nice but I guess we didn't deserve it.
Off course they would wouldn't they ..... They have made a feast of it to date and are now expecting to GORGE themselves on OUR valuable assets. If the Coalition/Abbott government goes along with this I will for the first time in my life vote for the ALP next time.
Cheryl is displaying a reasoned reaction to what is going on. We are ALL in danger of becoming like tenants in our own country There is a golden rule in the politics of Democracy - It is simple. Never do anything that might prove Lenin right. Truly I do not insert this quote as an advocate of Leninism, but more in the spirit of one of his avid readers, Winston Churchill. But hey - what on earth do they think they are doing? One is reminded even of such extremist concepts as "the proletariat learns in the process of exploitation and struggle".. Hey guys it is the twenty-first century not 1919, when Lenin wrote this.. “… for in all the civilised, advanced countries the bourgeoisie rob—either by colonial oppression or by financially extracting ‘gain’ from formally independent weak countries—they rob a population many times larger than that of ‘their own’ country. This is the economic factor that enables the imperialist bourgeoisie to obtain superprofits, part of which is used to bribe the top section of the proletariat and convert it into a reformist, opportunist petty bourgeoisie that fears revolution.” Can we please get back to the practice of compassionate welfare state based Democracy - to a political and administrative system that protects both the workforce and our locally based Business in a secure mixed economy. The other path - surely - we don't want. Lenin preceeded the quote above with the words "Ihey [Social-Democrats] are just as much traitors to socialism… They represent that top section of workers who have been bribed by the bourgeoisie" The Murdoch media Empire has polarised Australian political thinking, whilst downgrading its intellectual level. But it has made the mistake of seeing the polarisation only in terms of the advantage to one side. It has totally ignored the dangers on the other side of politics. Did Murdoch really intend to demonstrate that Social Democracy was "dysfunctional". The Conservative Right really needs to take a long hard look at itself and what it is doing to people. It is changing the entire nature of the game. And frankly I never want to feel I ever have to write a post like this again.