So our largest share holder Fidelity, as money to splash around.

Fund manager optimistic for market rebound

Australia's share market is battered and bruised but could recover in a year if the coronavirus outbreak is quickly contained, one fund manager says.

"Once we're over that, I think you'll actually move there pretty quickly because you've got tailwinds on monetary and fiscal stimulus, you're got very low interest rates," said Paul Taylor, who manages the $5 billion Fidelity Australian Equities Fund.

"People will then focus away from the coronavirus risk to the low cost of capital and I think people would move very very quickly.

"The other thing we're seeing is - the world is awash with money," Mr Taylor told journalists at a lunch meeting in Sydney on Thursday.

"You're going to be able to able to buy a company that you can hold onto for five or 10 years," he said.

https://finance.nine.com.au/business-news/fund-manager-optimistic-for-market-rebound/f133a93e-49e1-4975-93ab-d01ffd07f1f1

Hopefully they can spend a little bit more money on C.Y.P.

Regards

Rossi70