Fund managers including Cooper Investors, Oracle Advisory Group, Maple-Brown Abbott, Clime Investment Management, Tyndall Asset Management, Infinity Asset Management, Sterling Managed Investments, Yarra Capital Management, Auscap Asset Management, Paradice Investment Management, Pendal Group, Perennial Partners, Quest Asset Partners, Endeavor Asset Management, Wilson Asset Management, Blackwattle Investment Partners and Ralton Asset Management have invested in ANZ Group Holdings Ltd (ASX:ANZ).

Pendal highlights better-than-expected core margin expansion and significant cost reductions driving the strongest pre-provision profit growth among the majors. Blackwattle sees ANZ's lower valuation and smaller exposure to the most competitive segments as reasons for relative outperformance.

Pendal notes the market is wary that cost cutting is affecting revenue, with ANZ's loan growth lagging peers, and that banks have increased provisions. Wilson Asset Management points to a moderating credit growth outlook as the housing market absorbs earlier rate hikes and federal budget changes.

ANZ Group Holdings Ltd., headquartered in Docklands, Australia, is a non-operating holding company founded in 1835. It delivers comprehensive banking and financial services through six segments: Australia Retail, Australia Commercial, Institutional, New Zealand, Pacific, and Group Centre. These divisions provide retail banking, corporate finance, transaction banking, wealth management, and market services to consumers, businesses, and governments. The Group Centre provides essential operational support, including risk management, treasury, and technology functions. ANZ serves diverse markets across Australia, New Zealand, and the Pacific region, focusing on providing integrated financial products and services through physical and digital channels.