Shares will outperform: ING

Shares will outperform property and fixed-interest investments in 2004, according to two ING experts in a briefing to investment advisers. This year's annual reporting season has provided the basis for their view with profits the strongest for 17 years. All but nine of the top 30 companies in the ASX 100 met or exceeded expectations in the June half. The driver for local stocks will be the strengthening US economy with companies dependent on a global economy recovery leading the Australian sharemarket's growth.