After increasing our exposure to QAN yesterday we felt this was an opportune time to look at the previous market favourite in the Transport Sector i.e. Transurban (TCL). MM holds the stock in our Income Portfolio for its defensive earnings and growing yield though this is becoming less attractive as bond yields edge higher, at this stage we’re unlikely to consider TCL for our Growth Portfolio and we may cut this from our Income Portfolio if other opportunities arise.
MM is neutral TCL from a direction perspective
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