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Active Income Portfolio – Amendments

We are buying Pendal Group (PDL) into current weakness.

PDL
MM are buying to PDL in the Active Income Portfolio, allocating 4% around $4.20
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Pendal Group (PDL)

We are averaging our existing position in Wesfarmars (WES).

WES
MM are adding to WES in the Active Income Portfolio, buying a further 2% around $44.80
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Wesfarmers (WES)

We are averaging our position in Service Stream (SSM).

SSM
MM are adding to SSM in the Active Income Portfolio, buying a further 1% around 92c
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Service Stream (SSM)

We are buying the new NAB Hybrid (NABPI).

MM are buying NABPI in the Active Income Portfolio, allocating 5% around $99
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NAB Hybrid (NABPI) – Source Shaw & Partners

We are taking profit on Smart Group (SIQ).

SIQ
MM are selling SIQ in the Active Income Portfolio, taking a profit around $6.60
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Smart Group (SIQ)

We are taking a loss on Insignia Financial (IFL).

IFL
MM are selling IFL in the Active Income Portfolio, taking a loss around $4.20
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Insignia Financial (IFL)

We are cutting Magellan (MFG) for a loss, switching into Pendal (PDL) which has better upside in our opinion.

MFG
MM are selling MFG in the Active Income Portfolio, taking a loss around $12
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Magellan Financial Group (MFG)
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