We are taking profit on QBE Insurance (QBE) in the Active Growth Portfolio. QBE has been strong, and we remain positive on the insurance sector, though the valuation is less compelling here and we see more upside elsewhere. We’ve only held the stock for ~4 months but are locking in a ~30% gain to allocate to better growth opportunities.
MM is selling QBE in the Active Growth Portfolio, taking profit around $25
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We are buying Hub24 (HUB) in the Active Growth Portfolio. Following a period of weakness, we believe the technology sector has established a base and is well positioned to recover. Within the sector, we like the Hub24, which stands to benefit from rising asset prices and continued structural growth in funds under administration.
MM is buying HUB in the Active Growth Portfolio, allocating 4% around $84
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