We are reducing our exposure to interest rate sensitive stocks, by selling GPT Group (GPT) for around break even. Given the changing dynamics post US election, being overweight property in the growth portfolio no longer makes sense.
MM are selling GPT in the Active Growth Portfolio, around break even ~$4.64
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Lower regulation, lower taxes and a higher $US are bullish tailwinds for Macquarie (MQG) and financials more generally. We are underweight financials, buying MQG today to address this imbalance.
MM are buying MQG in the Active Growth Portfolio, allocating 4% around $227
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