They had already sold quite a few positions to get to 19% cash at 31/march, that's with also buying into visa, tencent, EA, paypal, Costco, nestle on the downturn.
Am sure the analysts are working overtime to determine their exit positions under the new economic conditions. I do like the way they are prepared to sell out of positions if they have reached the objectives they went in with.
looking forward to seeing the current top20 holdings next week.
I am still a HOLD but maybe not so super negative, their portfolio investment mandate is a bit more broad spectrum with larger number of smaller positions, including small caps which are underperforming, I did buy into WGB for the slightly higher risk so have to be prepared to wear the short term downside for the potential upside. This is contrast to my positions in MGG and MFF which are more big cap conviction style investment mandate.
Interesting that MFF was at 25% cash at march end.
WGB March Performance, page-18
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Last
$2.21 |
Change
0.000(0.00%) |
Mkt cap ! $785.1M | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.23 | $2.21 | $245.2K | 110.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 40642 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 31298 | 5 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| WGB (ASX) Chart |