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Potential escalation between Israel and Hezbollah

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Potential escalation between Israel and Hezbollah

Hi James. If you were to think a major escalation of conflict between Israel and its northern neighbours were imminent,, how would you prepare and what stocks would you expect to be most affected by such an event. Happy if you draw conclusion from effect of recent hamas event. A

Answer

Hi Alain,

We believe that investing around geo-political events is akin to takeovers, it should only be one aspect in an otherwise sound investment thesis.

In the case of the Middle East we would turn to the Gold Sector on which MM is already bullish in-line with our negative medium term outlook towards bond yields and the $US- our preferred two majors in the space are Northern Star Resources (NST) and Evolution Mining (EVN) both of which we reside in our Active Growth Portfolio.

  • MM continues to believe that gold will¬† outperform the likes of crude oil into 2024.
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Northern Star Resources Ltd (NST)
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