We are selling Evolution Mining (EVN) for a strong profit, enacting our more cautious short term stance on Gold and Gold equities after a strong run. While we can see us buying EVN again, and remain bullish on the medium term theme, the risk/reward in the short term is now unappealing.
MM are selling EVN in the Active Growth Portfolio, taking profit around $9.40
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We are increasing our weighting in CSL, adding ~1% taking it to a 5% target weighting into current weakness. Price action is poor, however, the growth still available in CSL, now being offered at the cheapest multiple for many years, has us incrementally increasing our existing position.
MM is adding to CSL in Active Growth Portfolio, targeting a 5% portfolio weighting
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