Buy Macquarie Group, Sell ANZ

Chairman, Wilson Asset Management
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Key points

  • Lower interest rates are continuing to drive investors towards the Australian banking sector.
  • Macquarie Group Limited (ASX: MQG) is offering value within the sector, as a number of key factors are helping it.
  • The banking sector remains an important and highly visible component of many investment portfolios, but its spectacular rise should not persuade investors to ignore the fundamentals of investing.

 

The stock market has rallied nearly 10% in recent months, as investors continued to scramble for yield.

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