We mentioned VUK yesterday, this UK bank appeals to MM because it affords us exposure to 2 themes we like – a rising bond yield environment and strong economic recovery in Europe. As witnessed yesterday as it dropped almost 8% in just one session this is a volatile stock and our position size will subsequently be smaller than with the likes of CBA and NAB, a repeat performance of yesterday’s unwind and this stock will be in MM’s buy zone.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes VUK around $3.25
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Related Q&A
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Daily Podcast Direct from the Desk
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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