We are selling our 4% holding in Super Retail Group (SUL) to reduce exposure to retail. We see better risk/reward elsewhere.
MM are selling SUL in the Active Income Portfolio, taking profit around $12.00
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We’re initiating a position in NSR as per comments in recent reports. While we view NSR as a takeover target, they also have a strong asset base and a ~4% projected yield.
MM are buying NSR in the Active Income Portfolio, allocating 4% around $2.02
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