General insurance business IAG has fallen -10.2% this year while other sector names have rallied strongly e.g. QBE Insurance (QBE) +24.5% and NIB Holdings (NHF) +38.9%. MM holds this company in our Income Portfolio due to its excellent yield and at this stage we are looking for a catalyst to consider it for our Growth option, certainly one for the “hitlist”.
MM likes IAG ~$5
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