Goldman Investor Looks Past Tech Selloff to Laggard Stocks
- Value, smaller companies need to join equity gains: Bunglawala
- GSAM investor says tech selloff is due to recent advance
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A Goldman Sachs Group Inc. asset manager remains optimistic about equities, despite the recent selloff in technology stocks and is waiting for laggards to catch up with the gains as economic growth picks up.
“We are still looking for a wider participation in the equity market rally, which will reflect broader-based economic improvement,” Shoqat Bunglawala, head of global portfolio solutions for EMEA and Asia Pacific at Goldman Sachs Asset Management, said in a phone interview.