Growth Portfolio trades

The Growth Portfolio has reduced one of its largest holdings.

The Intelligent Investor Growth Portfolio has reduced its holding in Trade Me by about one percentage point – at a price of $5.32 – and increased its holding in Amaysim by the same amount, at $2.04.

Trade Me remains a Buy and we're very comfortable with it. However, its weighting (at 8.5%) was well above our 6% recommended maximum and we were keen to increase our investment in Amaysim, which is also a Buy.

See our article What we mean by Buy Hold and Sell for a fuller explanation of what our recommendations mean.

Find out how you can invest in this and other InvestSMART portfolios by clicking here.