We are reducing risk in the Income Portfolio by selling smaller cap Ive Group (IGL).
MM are selling IGL in the Income Portfolio, taking a profit around $1.80
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We are buying a fixed rate government bond with ~3 years to maturity on a yield of ~3%. This is a low risk, defensive position that can be bought on the ASX.
MM are buying GSBG25 in the Income Portfolio, allocating 4% around $101.15
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