From the paralytic AFR:
Senior government ministers, including Prime Minister Malcolm Turnbull, top regulators, representatives of the Reserve Bank of Australia and executives from BHP Billiton, Transurban and other big companies, briefed international fund managers in Sydney on Friday at an event staged by Citigroup in an effort to rehabilitate Australia’s investment image. This comes in the wake of China’s slowdown and the commodity price collapse, which has undermined confidence in Australia as an investment destination.
Darren Jaroch, a portfolio manager at the $200 billion Boston-based Putnam, said he left more at ease with the outlook for Australia. “The popular perception outside of Australia, particularly from US fund managers, has been this economy that has been so linked with basic materials and China, both of which are top of mind,” he told AFR Weekend. “I’m feeling much more comfortable with what I’m seeing in Australia now than I was just six months ago.
