We are selling our 4% holding in National Storage REIT (NSR), taking a 30+% profit on valuation grounds.
MM are selling NSR in the Active Income Portfolio, taking profit around $2.65
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We are buying Stockland (SGP) for a more diversified property exposure. The is a deeper value play with an attractive yield.
MM are buying SGP in the Active Income Portfolio, allocating 4% around $4.20
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We are selling XARO. This is a relative value bond fund that does not take on duration risk. This position has been insulated against the recent decline in bond prices (rise in yields). We are using the proceeds to buy into a Composite Bond ETF that takes on duration risk.
We are selling our 5% holding in XARO to take on duration risk elsewhere
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ActiveX Ardea Real Outcome Bond Fund (XARO)
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ActiveX Ardea Real Outcome Bond Fund (XARO)
We buying the Betashares Australian Composite Bond ETF which is a diversified portfolio of high quality Australian Corporate & Government Bonds.
MM are buying OZBD in the Active Income Portfolio, allocating 5% around $46.20
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We are adding to our existing position in Telstra (TLS), taking it from a 5% weighting up to 7%.
MM are adding to TLS in the Active Income Portfolio, allocating a further 2% around $4.03
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