We are adding to our existing position in Metcash (MTS) into recent weakness. We view the stock as a cheap turnaround opportunity. This will take our weighting up to 5%.
MM are adding to MTS in the Income Portfolio, +2% around $3.55
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We are adding to our existing position in Telstra (TLS) into the recent ( small) pullback. We are bullish given their corporate restructuring strategy. This will take our weighting up to 6%.
MM are adding to TLS in the Income Portfolio, +2% around $3.45
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We are selling the AMPPB as we believe the risks associated with the note are not being reflected in the current yield.
MM are selling AMPPB in the Income Portfolio, taking a small profit around $98
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We are buying CWNHB as we think the yield is sustainable and the securities will be redeemed within the next year or so.
MM are buying CWNHB in the Income Portfolio, with a 4% weighting around $98.15
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Crown Resorts Subordinated Notes II (CWNHB)
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Crown Resorts Subordinated Notes II (CWNHB)
