Australia sovereign wealth fund chief warns of stock market 'clean-out'
Australia sovereign wealth fund chief warns of stock market 'clean-out' 26 Feb, 2021 04:26 AM 4 minutes to read Peter Costello's warning comes as investors around the world have started to question how long central banks will hold down interest rates. Photo / Getty Images Financial Times By: Jamie Smyth and Robin Wigglesworth The world's big central banks are inflating a bubble in technology stocks that will lead to a "clean-out" on global equity markets, the chairman of Australia's A$171 billion ($182.5b) sovereign wealth fund has warned. Rock-bottom interest rates and bond...
Source: nzherald.co.nz