Written by Vesna Poljak of the Australian Financial Review.
“That’s no different to what’s happening to the former supermarket duopoly, says fund manager Hugh Dive from Aurora Funds Management. “What’s a bigger issue for me which hasn’t really been focused on in the market is Suncorp and IAG are facing market share losses through a bunch of challenger brands. It’s a bit like what’s going on in grocery. The higher margins have given the Aldis of their world more oxygen and the ability to nibble away at market share,” he says.”
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