Source: LSEG Datastream, CLSA, ABC News
Australian banks have underperformed since 2015
ASX200 vs bank index vs metals & mining index (rebased to 0)
2019
2020
2021
2022
2023
-40
-20
0
20
40
60
ASX Banks
ASX Metals & Mining
ASX 200
Banks' current ASX200 index weighting 23%