Recently, AL Capital’s portfolio manager and head of research, Wim Steemers, made his appearance on Ausbiz TV to share insights from AL Capital. Wim has 23 years of experience in investment markets, on top of ten years in strategy consulting, where he helped multinational companies develop their global expansion strategies. His work spans 40 countries across all continents. Prior to joining AL Capital, Wim worked at global asset managers Colonial First State, Macquarie, AllianceBernstein as well as consultancy firm McKinsey.

Wim Steemers states that Trump’s trade tariff threats could be more of a negotiating tactic rather than a concrete plan. He shares that predicting Trump’s actions is challenging, making related stocks risky investments.

Wim suggests focusing on stocks with favourable industry conditions instead of macro-economic factors. He highlights QBE (ASX: QBE) as poised for success due to rising insurance rates and successful business adjustments. He also notes Helia’s (ASX: HLI) strong reserves and potential benefits from the CBA (ASX: CBA) contract adjustment.

Wim comments on banks versus resource stocks, saying banks have overvalued due to Asian capital flows, despite China’s economic challenges. He highlights the potential for banks’ performance to falter if China’s economy improves, affecting global investment flows.

Detailed video can be viewed from: https://ausbiz.com.au/media/focus-on-the-micro-not-the-macro-for-stock-outperformance?videoId=38991

Wim Steemers | AL Capital
Head of Research | Portfolio Manager

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