The vaccine rollout is likely to drive the reopening of economies in 2QCY2021 and has the potential to reorder consumption patterns.
We estimate that across just three sectors there is almost $A40bn of market cap that could be impacted if investors were to rotate out of goods-focused companies. Services related companies across Consumer Discretionary, Consumer Staples and Industrial sectors have a combined market cap $A5bn below pre-COVID levels.
This report looks at which companies stand to benefit from a reallocation of spending, from goods consumption to services, as COVID-19 restrictions continue to be eased.
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Written by
John Lockton, Australian Equities
John is a leading investment strategist with 20 years experience.