We are buying CAR following a 20% pullback in share price, targeting an initial 4% weighting. The pullback in the stock has restored value.
MM are buying CAR in the Active Growth Portfolio, allocating 4% around $34.70
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We are topping up Macquarie (MQG), moving from a 4% target weighting up to a 5% target weighting into current weakness.
MM are adding to MQG in the Active Growth Portfolio, targeting a 5% weighting around $200
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We are funding the purchases by selling out of Treasury Wines (TWE). We view both CAR and MQG as having more upside when markets turn relative to TWE.
MM are selling TWE in the Active Growth Portfolio, taking a loss around $10
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