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The portfolio added +0.68% for the week while cash remains at ~5%. Strength in AGL Energy (AGL) continued with the position now up nearly 60% since purchase, while Metcash (MTS) also traded to levels not seen in over a decade. G8 Education (GEM) fell -7.83% to be the weakest link following a quarterly trading update that we discuss below.
Today we’re sharpening the pencil on a number of portfolio moves discussed in recent weeks:
- Taking a strong 33% profit on National Storage REIT (NSR) and moving the funds into Stockland (SGP).
- Selling the relative value bond fund XARO which has no exposure to duration, and buying the OZBD which has duration. i.e. fading the strength in bond yields.
- Adding to our existing position in Telstra (TLS)
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