We added SEK to our Flagship Growth Portfolio last week just above the psychological $20 level. Encouragingly after a weak start, yesterday SEK rallied throughout the session while the underlying index drifted lower i.e. there’s plenty of appetite for stock around the $20 handle.
- Again we continue to like SEK also believing it will be a major beneficiary when bond yields ultimately stabilise.
MM would be keen to our add to our SEK position under $19
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