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Cheap ASX shares in beaten-down technology, healthcare, consumer sectors are being bought by fundies seeking bargains for the financial year


Australia’s top fund managers are sifting through the rubble of the most hated sectors on the domestic sharemarket for stocks they believe were unnecessarily swept up in the volatility last financial year and could now be poised for a comeback.

The ASX technology sector is a particularly popular hunting ground for investors following a brutal sell-off in the March quarter, which was triggered by fears that artificial intelligence would displace software businesses.

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