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Goldman Sachs Asset Management buys Australia bank shares

Published Sun, Oct 26, 2014 · 09:50 PM
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Sydney

A SELL-OFF in Australian bank shares was too good to miss for Goldman Sachs Asset Management.

"The single biggest move in our portfolio over the last two or three months has been buying bank stocks," Dion Hershan, the fund manager's head of Australian equities said last Thursday. "We do view this as an opportunity. The weakness is temporary."

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