I’m an investor in Australian financial technology companies and I’m happy to say that there’s a lot to like in 2018.
The stock market is rising again, Australia is making the most of its mineral wealth, and Australia is now on track to become the sixth biggest economy in the world by 2020.
The good news is that while many of the innovations in the financial technology space are not new, the growth in the sector is.
While this is exciting news, the market has been volatile in the past.
The market’s high volatility has had a major impact on the industry’s fundamentals, and the outlook for the industry is not looking so bright.
The fundamentals are very strong.
Australia’s financial technology sector has grown by 20 per cent in the last decade, which is the biggest growth rate in the developed world.
This is good news for the investors who want to buy Australian financial products, and there is plenty of room for further growth.
Investors can be encouraged by the growth of the financial services sector in Australia.
Australia is one of the largest financial services markets in the global economy, with more than 10 per cent of the global market.
In 2017, the Australian stock market returned $7.4 billion, a record high for an Australian stock.
While the return of this stock is encouraging, investors should not be too excited.
Australia was not the fastest growing market in the developing world, as China’s share of the market grew by 8 per cent, the fastest growth in almost 20 years.
The US has also continued to grow its share of global markets, but is still far behind Australia.
For more information on Australia’s emerging technology sector, visit the Australian Investment Management Association website.