We believe FMG has hit an accumulation zone, and we are buying as a medium term play ahead of the upcoming dividend.
MM are buying FMG in the Active Income Portfolio, allocating 4% around $21.50
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We are using the Government Bond as a funding vehicle to buy Fortescue Metals (FMG) into weakness.
MM are selling GSBG25 in the Active Income Portfolio, taking a small profit around $99.90
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