QBE
To the MM Team, I would like your latest thoughts on QBE. The share price has corrected around 10% over the last few months, is this a buying opportunity or the beginning of a new trading range? Regards, Charles.
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Answer
Hi Charles,
A relatively easy question because we’ve been considering QBE for our Active Growth portfolio:
- MM likes QBE ~$16 but is considering starting to build a position 1-2% higher.
In line with recent previous notes on the insurer we like QBE after its more than 17% pullback.
