Model portfolios reduce Platinum Asset

In Platinum Asset: Interim result 2014 on 21 Feb 14 (Hold – $7.37), we wrote that if Platinum Asset Management's strong run had taken your holding beyond our recommended maximum weighting of 5%, then it would make sense to consider taking some profit. That's exactly what's happened in our Growth and Income portfolios, so we're taking our own advice and reducing both holdings to 4%. Specifically, we're selling 900 shares in the Growth Portfolio at $7.23 to raise $6,507 and 300 shares in the Income Portfolio at $7.23 to raise $2,169. However, with the stock barely changed since 21...

In Platinum Asset: Interim result 2014 on 21 Feb 14 (Hold – $7.37), we wrote that if Platinum Asset Management's strong run had taken your holding beyond our recommended maximum weighting of 5%, then it would make sense to consider taking some profit. That's exactly what's happened in our Growth and Income portfolios, so we're taking our own advice and reducing both holdings to 4%.

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