Top Australian fund managers are increasing exposure to technology, healthcare, and consumer stocks that have been heavily discounted over the past 12 months.
The buying activity reflects a strategic pivot toward value as institutional investors seek bargains in sectors that were swept up in broader market volatility last financial year.
Technology stocks, in particular, have seen significant declines, with the sector down approximately 40% over the trailing year, creating what some investors view as an attractive entry point for long-term positions.
The rotation marks a notable shift in capital flows, with managers identifying mispriced assets in areas that have faced sustained selling pressure.
Technology stocks, in particular, have seen significant declines, with the sector down approximately 40% over the trailing year, creating what some investors view as an attractive entry point for long-term positions.
Healthcare equities are also drawing interest as investors diversify away from growth-heavy tech holdings.
The sector has become a relative haven for capital seeking stability and defensive characteristics amid ongoing market uncertainty.