SFR has been a strong performer and we remain bullish Copper, however, slight weakness in yesterdays production numbers and recent outperformance by SFR relative to global peers has us trimming our position, moving from a 5% target weight down to a 4% target weight.
MM are trimming SFR in the Active Growth Portfolio, targeting a 4% portfolio weight around $10.40
Add To Hit List
We are trimming S32 down to a 4% target weight (from 5%), primarily to make room for a new addition in the portfolio.
MM are trimming S32 in the Active Growth Portfolio, targeting a 4% portfolio weight around $3.72
Add To Hit List
Iluka (ILU) is a highly leveraged play on Chinese property, so is high risk in nature, however we have targeted a move below $6 for some time, and the stock is now trading around that level. We are initiating with a 4% weighting.
MM are buying ILU in the Active Growth Portfolio, allocating 4% around $6
Add To Hit List
