The dust appears to have settled on the Banking Sector yet we still sense that subscribers are very concerned as to what comes next for the local names, a penchant for the banks by Australian retail investors is likely to be the major contributing factor to these worries. Hence this morning we’ve quickly updated our views on the 3 holdings in our Flagship Growth Portfolio.
- It’s important to remember that our Flagship growth Portfolio only holds 12% in the “Big 4” and 6% in Macquarie Group (MGQ) for a total of 18%.
- Hence we remain mildly underweight the banks which represent over 20% of the ASX200 from a weighting perspective.
Importantly we continue to believe the Australian Banks and the overall system are well positioned to deal with the recent pressures on the global bank sector with Australia’s relative sector outperformance in 2023 illustrating this perfectly.
Shorting Banks huh ? More underperformance coming !
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Last
63.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.3M | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 64.0¢ | 63.0¢ | $419.6K | 665.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 82143 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 127171 | 4 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| CDM (ASX) Chart |