Business
2 ASX shares to own according to fund managers
Fund managers are constantly thinking about which ASX shares would be the best to own.
These are some of the picks of fund managers in recent times:
Bapcor is one of the top picks from WAM Capital Limited (ASX: WAM), which is a listed investment company (LIC) operated by Wilson Asset Management (WAM).
This ASX share provides vehicle parts, accessories, equipment service and solutions to the Asia Pacific region.
WAM likes Bapcor because it has benefited from an increase in domestic travel, reduced usage of public transport and increased second-hand car sales. The fund manager said that Bapcor has a strong balance sheet and believes it’s well placed to make earnings accretive acquisitions.
Bapcor recently gave a trading update…
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