The Market Matters International Portfolio is a high conviction direct international equities portfolio that targets well known global brands – Click here to view
The portfolio had a great week up +4.01% although the pullback in the AUD did add around 1.8% to performance, cash sits at 19%.
Last week we increased our Trade Desk (TTD US) position and purchased Shopify (SHOP US) both of which are working out nicely so far, this has left us still holding a relatively elevated cash position with one move front and centre today.
- We are looking to cut our 7% holding in Ping An Insurance (2318 HK) and allocate 8% into PayPal (PYPL US).
In hindsight I wish we had pressed this switch button a few weeks ago but better late than never! The major payment platform still looks good value with an initial target ~15% higher which is enticing after such a strong few years by US indices.
