Goldman Sachs Asset Management is skimming off some of its profits from high-flying technology shares and putting the money into cheaper companies.
The firm believes tech shares will come under pressure and prefers areas like energy and Japanese shares, according to Alexandra Wilson-Elizondo, co-chief investment officer of multi-asset solutions. In her view, the US economy is on track for a soft landing, but there are plenty of risks that could change the trajectory.
Goldman Says It's Time to Take Tech Profits and Invest Elsewhere - Bloomberg
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