Things Are Looking Up Down Under, Part II

Investing in Australia can pay off this year if you're careful where you pick your stocks, say local portfolio managers

Vishal Teckchandani, 10 February, 2011 | 11:21AM
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Opportunities Abound in Industrials
Fund managers believe there are several strong opportunities within industrials, including mining services stocks and specific companies with solid structural growth drivers behind them.

"If you travel around west Australia or eastern Australia there are a vast amount of projects which are really now starting to kick in and will be carrying on for many years to come," SG Hiscock & Co's Hook says. Two of his industrials picks are Ausdrill (ASL) and WorleyParsons (WOR).

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