Everyone knows the Australian share market is overweight financial and resource stocks, compared to the world share markets.
As specialist investment house TechInvest points out, the flipside of this financially heavy share market composition is that, compared to other share markets on the world stage, the Australian market is underweight in technology stocks (along with health care and energy stocks).
Of course, this can have advantages.

Being under-weight technology meant that the "tech wreck" of 2000 didn't have the crushing affect on the Australian share market that it did on world markets. (On the other hand, if we ever saw a "financial...