Stocks to consider in this lower-growth world
![](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBcjQvIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--455a083fcea6b26e4f41105a13bc11113565b74d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/Bauble%20Black.png)
Clime Investment Management
One of the continuing influences affecting the Australian equity market is the sober outlook for world growth. Recent economic numbers confirm the world’s economies will continue in a low-growth environment. Our strategy remains... Be patient; invest for the long term, not for the fast gain. The market’s currently overpaying for growth and selling down proven long-term returners, such as financials. High-growth stocks in this environment are becoming more risky because their growth will inevitably peter out. High-growth and high ROE are not sustainable in this low-growth environment. There are very few unique growth opportunities and in the main these are excessively priced. Companies can grow above broader economic growth for a period, but projecting out three to four years of 20 per cent-plus growth is extremely foolish. We believe the best opportunities for real total investment returns (that include low capital gain and high income) in this low-growth environment will be low-but-sustainable-growth, high-yielding stocks. That includes the major banks, CBA, Westpac, NAB and ANZ; the major retailers such as Woolworths and Wesfarmers; infrastructure companies; and the likes of Telstra. (VIEW LINK)
3 topics
![Clime Investment Management](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBcjQvIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--455a083fcea6b26e4f41105a13bc11113565b74d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/Bauble%20Black.png)
The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.
Expertise
![Clime Investment Management](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBcjQvIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--455a083fcea6b26e4f41105a13bc11113565b74d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/Bauble%20Black.png)
The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.