Business
Fund managers are snapping up these ASX stocks at a record pace – Motley Fool Australia
Fund managers are buying ASX financial stocks at a record clip in October and they are likely to remain keen buyers going into the year end.
Fund managers are buying ASX financial stocks at a record clip in October and they are likely to remain keen buyers going into the year end.
These insights are based on JPMorgan’s Fund Manager Radar survey with the broker coining the phrase “Fear of Financials Outperforming” (FOFO) to explain the movement.
Financials have been lagging in 2020 as the sector heavyweights, the big banks, have been out of favour with professional investors.
Tide turning for ASX bank stocks
The Westpac Banking Corp(ASX:…
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