Portfolio changes 22 June 2021

We’ve made a number of adjustments to the weights in the Core Equity Portfolio, removing some of the stocks that have become more fully valued over the last few weeks and reinvesting the proceeds in the smaller positions that we have been building in companies with reasonable quality but better valuations.

The stocks that we’ve removed are IRE, SCP and TCL. For Iress and Transurban, recent market moves had left them near peak valuation and we felt it was a good time to take profits. SCP has also done well, and we’ve reallocated its capital to other property stocks that offer better value.

The stocks that we’ve increased our allocation to are ABC, AMC, AWC, AZJ, DXS, GEM, ORG, SYD and VCX.

Clients will receive updated portfolios, sample text for advice and a set of model portfolio weights for Xplan shortly.

Video update

We’ve produced a short video outlining the changes and our rationale for them.

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This document is based on information available at the time of publishing, information which we believe is correct and any opinions, conclusions or forecasts are reasonably held or made as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. To the extent permitted by law, neither Aequitas nor any of its affiliates accept liability to any person for loss or damage arising from the use of the information herein.

Please note that past performance is not a reliable indicator of future performance.

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