We are selling our 5% holding in Fortescue Metals (FMG) to lock in a solid profit. We believe remaining active towards Iron Ore exposure is prudent.
MM are selling FMG in the Flagship Growth Portfolio, taking profit around $21.00
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We are buying Goodman Group (GMG) into recent weakness. We like the medium term direction of GMG and view it as a more defensive style property exposure.
MM are buying GMG in the Flagship growth Portfolio, allocating 4% around $23.80
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