I’m the same, a little under 2% overall portfolio. Was hoping for some alpha from it. All good, still some diversified earnings compared to other sectors i hold and see see a violent rebound on the cessation of a trade war with China. Whilst I wanted a trump win, Biden would be more positive for China easing up as Australia may have to back off.
We could fight back with iron ore export tariffs. But I don’t see us having the nerve to do it given it’s 50% of our exports.
TWE Price at posting:
$8.04 Sentiment: Buy Disclosure: Held
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