AUSTRALIA had solid fundamentals and was a top investment destination, Pimco, one of the biggest global bond managers, said today.
Australia has been rated "top of Pimco's list".
Australia and Canada are "very well exposed to the growth dynamics in the emerging world and particularly through the channel of commodity prices."
The article in The Australian also discusses HSBC's not quite so bullish outlook on Australia and the IMF's upgrading of Australia's growth forecast for next year.
The article is worth reading to get a bit of a clue into how these guys think and their rational approach.