We are cutting IAG from the Income Portfolio given risks around weather events coming into summer.
MM are selling IAG in the Active Income Portfolio, taking a loss around $4.47
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We are adding to our existing position in BHP, upweighting from 5% to 8%.
MM are buying BHP in the Active Income Portfolio, adding 3% to existing position around $36.64
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We are buying Magellan (MFG) into weakness.
MM are buying MFG in the Active Income Portfolio, allocating 3% around $33.85
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