Investment management firm BetaShares, fintech business Sharesight and broker CMC markets have revealed the answer.
According to reporting by BusinessInsider, it’s the prospect of discounted ASX blue chips that is exciting many investors to switch out of cash and into shares. BetaShares said that 16 times as much money has been rotated out of cash and fixed income and into equities compared to normal.
What ASX 200 shares are people buying?
Sharesight said that resources giant BHP Group Ltd (ASX: BHP), global investment bank Macquarie Group Ltd (ASX: MQG), big four ASX banks Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd (ASX: NAB), healthcare giant CSL Limited (ASX: CSL), telco Telstra Corporation Ltd (ASX: TLS) and oil company Woodside Petroleum Limited (ASX: WPL) are some of the names being focused on.
Some investors are just going for the easy option of investing in the whole share market with an exchange-traded fund (ETF). It’s Vanguard Australian Shares Index ETF (ASX: VAS) that is receiving the most buyer interest. A listed investment company (LIC) is also getting some of the buying attention, Argo Investments Limited (ASX: ARG), though it received the least buying interest of the shares I’ve mentioned.
There is probably going to be more volatility after Easter, which could open up more buying opportunities. I have been buying shares over the past few weeks as I saw good value on offer. I think there are still good ASX 200 share ideas.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO and National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.