Just based on pricing power, there are 2 sectors which look really interesting : luxury and tobacco. Unfortunately, there are not many ways to invest in these sectors in the Australian market. Much more choice among global equities. LVMH remains my top pick in the luxury sector. Good to see it is close to its 52 week low, while last results (Jan-March 22) were still good with + 23 % for organic revenue growth despite the war in Ukraine and "the tightening of health restrictions in China in March". Regarding tobacco, not surprised to see that QGQ Partners has a significant exposure to the tobacco sector in its US global fund.
