We are buying National Storage REIT (NSR) into recent weakness. We believe value has emerged for this operator of self storage facilities.
MM are buying NSR in the Flagship Growth Portfolio, allocating 5% around $2.20
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We are selling our 5% holding in Goodman Group (GMG), taking a small loss to fund the purchase of NSR. While we continue to like GMG, we believe NSR offers better relative value at current levels.
MM are selling GMG in the Flagship Growth Portfolio, taking a loss around $20.27
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We are adding to our existing position in Resmed (RMD), increasing by 1%, targeting a 5% portfolio weighting. We believe RMD is oversold, and has been treated too harshly following their recent results.
MM are adding to RMD in the Flagship Growth Portfolio, increasing to a 5% target weighting around $27.50
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