Australian Financial Review: Bet on Facebook, Alphabet proves cash is still king

Ned Bell CIO at Bell Asset Management in the AFR Weekend says one part of the global equities market where he sees plenty of growth is in global small and mid cap (SMID) stocks with the MSCI World SMID Cap index trading around 18 times with an increase of only one PE point over the past five years.

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Read the full article here.

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