Goldman Sachs Asset Management added to stocks portfolio as markets tumbled
Share:
(Reuters) - Portfolio managers at Goldman Sachs Asset Management have used the recent selloff in global stocks caused by the coronavirus as an opportunity to take positions in a range of companies focusing on everything from concerts to cosmetics. As stocks tumbled to their worst weekly performance since the financial crisis, the firm's $60 billion portfolios bought shares of Japanese cosmetics-maker Shiseido Co Ltd and events promoter Live Nation Entertainment , as well as companies in the..