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International Equities Portfolio – Amendment

FCX US

We are buying this global Copper  & Gold company into a recent pullback to increase our weighting towards resources in this portfolio. We had earmarked a sell on PayPal (PYPL US) to fund this move, however we are holding that position for now.

FCX US
MM are buying FCX US in the International Equities Portfolio, allocating 5% around $US38.23
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Freeport McMoran (FCX US)
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