Brickworks is our preferred exposure within the mid-cycle housing construction cycle. For the late cycle GWA Group also screens as an interesting, though we are yet to do sufficient analysis to make a formal recommendation.

General Advice warning:
Pearl Funds Management, an authorised representative AFS Rep No 001254808 of Banyan Securities Pty Ltd AFSL 484139
The information presented by us is general in nature and does not take into account your personal goals and objectives. It does not represent financial product advice. You should always seek independent legal and financial advice before making a decision in relation to a financial product. Read the Product Disclosure Statement (PDS) before making a decision. You should consider your own circumstances, needs and financial objectives before making a decision.

James Hannam
5 May 2015