Retailers prove bargain buys
The cliche time is money rang true for a handful of fund managers who managed to reweight their portfolios before the resurgence in retailers this week, according to notices filed with the ASX.
Some fund managers’ moves into consumer stocks ahead of this week’s resurgence by the retail sector proved to be well-timed trades, according to notices filed with the Australian Securities Exchange.
Integrity Investment Management lifted its stake in JB Hi-Fi to 9.37 per cent from 8.36 per cent. The stock has gained 2.71 per cent since January 14, when the fund manager bought close to 1.1 million shares.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles