China is one of the most important economic superpowers in the world. It is the second-largest economy representing ~18% of global GDP, 70% of annual iron ore demand and 38% of the MSCI Emerging Markets (EM) market cap.

Wilsons is delighted to announce the appointment of three key roles across our Corporate Finance and Institutional Equities teams.

Conviction Insights represents our highest conviction calls from across our coverage universe. This month we add Pacific Smiles Group (PSQ) to our Conviction Insights lineup. An independent operator of dental clinics in Australia, its addition is driven by 4 key factors:

In a relatively short space of time, Cryptocurrencies have grown significantly in investor recognition and market capitalisation.

Following 7 months of overperformance from Australian banks, the upcoming results season is likely to be well received by the market. In our monthly view on Australian equities we look at 4 areas of focus we believe will shape reporting season:

Australian equities performed quite strongly during the first three months of 2021, delivering around half the long-term annualised return of the market.

Positioned for global reflation, we remain moderately overweight equities (with a tilt toward cyclical value), and significantly underweight core fixed interest.

The vaccine rollout is likely to drive the reopening of economies in 2QCY2021 and has the potential to reorder consumption patterns.