Exploit sharemarket weakness to snap up value stocks, Deutsche Bank says

By Vanessa Desloires
Updated May 13 2016 - 1:23pm, first published 12:10pm
'We switch from Qantas to Sydney Airport. This gives us exposure to a similar thematic, but with less risk around earnings,' says Deutsche Bank's equity strategist, Tim Baker.  Photo: Tamara Dean
'We switch from Qantas to Sydney Airport. This gives us exposure to a similar thematic, but with less risk around earnings,' says Deutsche Bank's equity strategist, Tim Baker. Photo: Tamara Dean
The ASX 200 has traded on a P/E ratio above the historical average for the past two years Photo: Deutsche Bank
The ASX 200 has traded on a P/E ratio above the historical average for the past two years Photo: Deutsche Bank
The high P/E stocks are the ones trading most expensively. Photo: Deutsche Bank
The high P/E stocks are the ones trading most expensively. Photo: Deutsche Bank

Global uncertainty is clouding the Australian sharemarket's ability to hang on to its high valuation, but the domestic economy is on track and investors should take bouts of weakness as buying opportunities in selected value stocks, Deutsche Bank says.

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