We see more upside in Dexus Property Group (DXS) relative to Abacus Property Group (ABP) and are switching.
MM are selling ABP in the Income Portfolio taking a loss around $2.70
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Dexus (DXS) has greater leverage to the ‘reopening’ thematic whilst also trading at a deep discount to its asset value.
MM are buying DXS in the Income Portfolio with a 4% weighting around $9.20
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