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Fortescue Metals Group (FMG) v Goodman Group (GMG)

Yesterday MM switched our position in FMG across to GMG, we realised a more than 20% profit in less than 2-months and importantly have migrated our portfolio slightly towards a more defensive stance i.e. part of the 2022 plan. It’s important to note we have not turned bearish FMG but its achieved our profit target, we remain overweight resources plus we already carry a large iron ore exposure through our ~9% weighting in BHP Group (BHP).

GMG
MM is bullish GMG
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Fortescue Metals Group (FMG) v Goodman Group (GMG)
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