We are taking a position in Meta Platforms, selectively increasing our technology exposure after its recent pullback. Meta’s AI investment is already strengthening its core advertising business, while its massive user base should create opportunities to continue monetising AI products.
MM is buying META US in the International Equities Portfolio, allocating 4% around $640
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We are selling JD.com from the International Equities Portfolio as China’s consumer recovery continues to stall. We are reallocating the funds to US technology, where we see stronger growth and upside potential.
MM is selling JD US in the International Equities Portfolio, taking a loss ~$US28
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