Don Williams, CIO at Platypus Asset Management, shares his view on what he considers the #1 risk to investors in Australian equity markets

Don Williams, CIO at Platypus Asset Management, shares his view on what he considers the #1 risk to investors in Australian equity markets. Our key concern in the short term is fragile consumer and business confidence; retail sales have grown at an annualised rate of 2% over the last three months, and the May budget is likely to have a negative influence on investment and consumption for some months. As a result we are focussing on companies that have been able to grow consistently through the post-GFC environment.