Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team With CBA reaching new highs over $110 and Jan/Feb usually being good for the Banking sector would you be selling/reducing your exposure in NAB,ANZ & WBC? As CBA is the only bank to pay a dividend in Feb I would like to hold for the dividend income but do you see the Banks holding up into March/APR? regards
We hold 5% in NAB and CBA respectively in our Flagship growth portfolio, plus 6% in CBA & 4% in NAB within our Active Income Portfolio.
At this stage as CBA makes fresh all-time highs into its looming dividend we see no reason to change either of these positions, overall we are mildly underweight the Banking Sector having seen better opportunities elsewhere but we remain comfortable with our current exposure. We do think banks have a meaningful earnings tailwind at present and the result from CBA on the 15th Feb will be a strong one, and that could push the sector higher.
In terms of switching between the 4 to capture CBA’s dividend its too micro for us and potentially one that will only benefit the brokers!
Take a free trial.
No payment details required.
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
