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Australia Rejoins The Leaders

FYI | May 09 2006

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By Robert Rudnicki

It seems like you can’t keep a good thing down.

After a 10 month absence Australia is once again in the top five global markets, according to Citigroup’s tactical market allocation.

Australia is currently in third place, behind Korea and Austria, but ahead of Belgium and the UK.

Citigroup explains that the country’s return to prominence comes as a result of better analyst coverage and improved long term price momentum and this has seen it replace Taiwan in the top five.

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