The RBA's rate outlook will likely result in investment managers favouring 'quality’companies and taking profits in small caps as rates will likely stay higher for longer

That's right, I said it. Rate hikes are on the cards after a series of hotter than expected CPI reads, and now the RBA cash rate futures are indicating a potential interest rate hike could be on the cards. I recently wrote about this and noted this here in a video. Sure the chances of a hike are small, but my videos touches on why you need to be cautious.

For more on Australian economic forecasts, read my note here.

1. Wesfarmers $Wesfarmers Ltd (WES.AU)$

2. BHP Group $BHP Group Ltd (BHP.AU)$

3. Commonwealth Bank Of Australia $CommBank (CBA.AU)$

4. Macquarie Group $Macquarie Group Ltd (MQG.AU)$

5. National Australia Bank $National Australia Bank Ltd (NAB.AU)$

6. Woodside Energy Group $Woodside Energy Group Ltd (WDS.AU)$

7. Pro Medicus $Pro Medicus Ltd (PME.AU)$

8. ANZ Group Holdings $ANZ Group Holdings Ltd (ANZ.AU)$

9. Westpac Banking Corp $Westpac Banking Corp (WBC.AU)$

10. CSL LTD $CSL Ltd (CSL.AU)$

Alternatively, if you want to invest in Australia's highest quality companies you can also do that via the Betashares Australian Quality ETF $BetaShares Australian Quality ETF (AQLT.AU)$ AQLT, which aims to track the quality index and invests across 40 high quality Australian companies.