DAA change: international equities allocations
We’ve made some changes to our international equities allocations today. With European equities continuing to rally we’ve taken some profits, selling about half of our remaining holdings. The AUD has also increased significantly over the last few months, so we’ve adjusted the hedging ratio of the core international equities position. We’ve allocated the net proceeds of the trades to cash for now.
Clients who are logged in can access the updated model portfolio files and standard text from our downloads page, and will see the full details of the portfolio changes and suggestions for implementation below.
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