MM has made no secret of our like for banks moving forward and its held us in good stead over the last year but with its dividend looming in May an aggressive move on the upside by NAB wouldn’t surprise MM as yield hungry investors eye the fully franked offering. MM will be watching NAB into fresh 2021 highs as optimism towards the sector increases almost daily.
MM will consider trimming our NAB position into strength from say 10% to 5%.
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