We are taking a loss on Amazon (AMZN US) to improve the defensive qualities of the portfolio. While their web services business is performing, costs within eCommerce are rising.
MM are selling AMZN US in the International Equities Portfolio, taking a loss around US$2177
Add To Hit List
We are buying UK based supermarket Tesco (TSCO LN). Recent weakness creates value in this defensive stock.
MM are buying TSCO LN in the International Equities Portfolio, allocating 5% around 277.20
Add To Hit List
