We are reducing our large position in US bank Wells Fargo (WFC US), selling 3% of the holding taking it to a 6% portfolio weighting.
MM are reducing WFC in the International Equities Portfolio, by 3% around $US55.00
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We are adding to our existing position in Microsoft (MSFT US), buying a further 3% , taking it to a 9% portfolio weighting into current weakness.
MM are adding to MSFT in the International Equities Portfolio, allocating 3% around $US288.00
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