Flagship Growth Portfolio: Whitehaven Coal (WHC) ~ 4% portfolio weighting.
Emerging Companies Portfolio: Bowen Coal (BCB) ~ 4% portfolio weighting.
International Portfolio: Glencore (GLEN US) ~6% portfolio weighting, although not purely coal.
The exposure isn’t huge but due to the high Beta of the sector it does have a material impact on performance on a week-to-week basis hence we are not looking to increase it at this stage.
- Our coal exposure while relatively small compared to gold is having a noticeable impact on performance hence we aren’t planning to increase further at this stage.
MM remains long and bullish in the Coal Sector
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