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Flagship Growth Portfolio

The Market Matters Flagship Growth Portfolio provides an active approach to investing in ASX listed large cap stocks – Click here to view

This MM portfolio slipped 0.40% last week, our main winners were Crown (CWN) +11% and Altium (ALU) +6.4% while the standout detractors were Whitehaven Coal (WHC) -17% and Alumina (AWC) -7.6% – it felt much better but alas it couldn’t match last week’s stellar performance. Cash sits at 4%.

As I alluded to previously this portfolio is largely structured in line with our outlook hence we don’t anticipate significant changes short-term but a number of stocks / indices are approaching our target areas. The market has recently experienced a minor rotation back into tech but we believe it’s a move to generally fade not embrace as bond yields march higher:

  • Buy 1 “aggressive” : top up AWC and look at an iron ore recovery “play”.
  • Buy 2 “defensive” : we are looking at some deep value names (tomorrows report) and the Healthcare Sector as areas we have little exposure to either but believe they’re becoming increasingly more attractive.
  • Sell : we are still considering taking profit on our holdings in IGO Ltd (IGO)  & / or OZ Minerals (OZL) into new highs levels which are approaching rapidly.
  • Sell : in general we can see ourselves increasing cash as indices trade higher with tech / growth stocks on our sell radar.

Also, the nickel / iron ore switch is slowly becoming interesting with the IGO Ltd (IGO) v Mineral Resources (MIN) elastic band stretching ever further.

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IGO Ltd (IGO) v Mineral Resources (MIN)
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