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Flagship Growth Portfolio – Amendments

We are buying Bank of QLD (BOQ)  into recent weakness. The stock has pulled back into our target range and we see better value than NAB at current prices. We are switching from NAB to BOQ.

BOQ
MM are buying BOQ in the Flagship Growth Portfolio, allocating 5% around $8.68
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Bank of QLD (BOQ)

We are taking a nice profit on NAB to switch like for like into BOQ.

NAB
MM are selling NAB in the Flagship Growth Portfolio, for a strong profit around $28.50
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National Bank (NAB)
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