MM currently holds 10% of this portfolio in both Commonwealth Bank (CBA) and National Australia Bank (NAB) but zero in a regional name. This sector skew has paid dividends over the last 3-months with CBA surging almost 18% while the Bank of Queensland (BOQ) has actually fallen -1.3%.
We are watching for now but the consideration is reducing our CBA and NAB holdings to 8% and taking a 6% position in BOQ.
MM is considering “beefing up” our net banking exposure through a regional name
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Commonwealth Bank (CBA) v Bank of Queensland (BOQ)
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Commonwealth Bank (CBA) v Bank of Queensland (BOQ)
