Ready to switch CBA for ANZ

Rising valuations on the ASX prompts a portfolio review and a signal to prepare an ANZ for CBA switch.

Summary: Australian growth stocks have performed well over the last two years but there are limited opportunities in this market. The need for Australian investors to seek out offshore companies has become acute.

The growth portfolio was constructed in April 2012 with the long-term aim of achieving a 10% per annum return.

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