IAG has largely gone nowhere over the last 12-months during which time both the index and Banking Sector have rallied nicely. While its relative value has clearly improved considerably and on balance MM sees value around the $5 area, especially from a yield perspective. While we struggle to see a compelling reason to buy IAG for our Growth Portfolio yet, a break out of its trading range may change that view. NB: we do hold it in our MM Income Portfolio where its showing a healthy paper profit
MM is positive IAG
Add To Hit List
