A new financial year and a bright new dawn for markets. For some of the most beaten up stocks, all they needed was the calendar to roll over for the selling to cease and the buying to start.But who was doing the buying and why now? The most overlooked corner of the ASX has been funds management, yet it was the stocks with the greatest leverage to financial markets that delivered the strongest gains on the first day of the financial year.Loading...
The fund manager rally has left us scratching our heads
The first day of trading on the ASX this fiscal year has left us puzzled and troubled as fund manager stocks took off while the banks got pummelled.











