Market Talking Points – July 2015 | Small cap gold miners shine in uncertainty

Sector Talking Points: Financial sectors showing good value and yield despite asset bubble risks. Resources have more downside risk after a recent bounce in Iron Ore and Oil prices. The overall ranking suggests that Diversified Financials still remains the best risk return sector in the market. Utilities sector ranks the worst as the recovering bond yields put pressure on stretched valuations. Gold miners in the small cap top 30 (i.e. EVN, SAR, RRL, NST, BDR and OGC) are shining in the global macro uncertainties and falling currency. Large & Mid Cap Talking Points: The best 5 multi factor ideas are QAN, STO, NCM, SUN and DOW while the worst 5 multi factor ideas are FMG, HSO, APA, RMD and SEK. Small Cap Talking Points: The best 5 multi factor ideas are EVN, SAR, MLX, ASL and SFR while the worst 5 multi factor ideas are QUB, AIA, CAJ, BGA and AQG. (VIEW LINK)