Carr’s Call: Go offshore for better upside

Australian stocks will likely underperform any post fiscal cliff upswing.

PORTFOLIO POINT: The Australian market is undervalued, but local pessimism will undermine performance. Offshore markets, and local stocks focussed offshore, will deliver better upside.

Having sat down and had a thorough look at things recently, I’m confident that Australian growth prospects are excellent and we’re going to see a strong rebound.

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