ANZ – Opportunity Approaches

Australia and New Zealand Banking Group is a current holding in our ASX 100 model portfolio.

Pressure from lower interest rates more than offset mortgage repricing benefits for the banks and we’ve seen 10%+ correction across the sector.

ANZ, WBC & NAB remain our preferred exposures and we highlight the buying opportunity which is approaching for ANZ.

Buy ANZ within the $25 – $26 price range.