Ann: Funds Under Management - Quarter Ended 30 September 2018, page-6

I think it’s a reasonable bet.  It’s an acknowledged fact that during downturns, some investors “flee” to the safety of managed funds believing that professional managers are going to do better than them in hard times.

if the ASX dives simply because the US market is well overdone, my personal opinion is that it will be a significant disconnect and that it will throw up great buying opportunities. The US has something like 350 million people, Oz, 25. being an average Joe, I just do t think that the Aust market is THAT overheated.  Sure, we have individual stocks like Afterpay that have run hard, perhaps too hard in too short a time, but if you look at the also rans like some of the larger industrials like Amcor, Boral, even the banks, Challenger and a lot of the stocks that Rudi Filipe Van Dyk calls his all weather stocks, they are plodding along, AMC even falling. Employment is fairly consistent and I think unlikely to change dramatically, interest rates are low and with minor tweaking are likely to stay that way, property In The major city CBDs are coming off the boil and I don’t see all that much changing to warrant a significant change in Australian stocks, apart from the fact that we seem to mirror that happening in the US.  So although we are sure to follow the US down, I don’t see any good reason that we should fall out of bed. Thats me..... what happens remains to be seen.