TBE,
http://www.blackrockinvestments.com.au/Advisers/MarketInsight/TeleconferenceandAudioCasts/index.htm
Go to BlackRock Wholesale Australian Share Fund Update. On slide 3 of 4, the sixth idea down "Overweight EMT vs Industrials - significant mispricing relative to earnings capability".
Hope this helps!
ETC
entertainment media & telecoms corporation limited