I'm a fan of IMF but I struggle to see intrinsic value much greater than $2.00....but then I conservatively demand a high required return.
Maybe if we get another rate cut I will lower my RR.
Agree with the sentiments on US hedging. An even worse scenario would be to fund a losing case and have costs awarded against us at a time when the AUD retreats to say 70c
I'm a fan of IMF but I struggle to see intrinsic value much...
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