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We have recently made some changes to our Morningstar Multi Asset Managed Accounts.

Download trade update

Key points to note:

The general theme of the trade update is to reduce exposure to Australian equities, with the proceeds being used to:

  • Top up infrastructure for Balanced – All Growth portfolios (and in the case of High Growth and All Growth respectively, alternatives and listed property).
  • Increase the allocation to international bonds for all portfolios Conservative – Aggressive, plus Diversified Income, in response to soaring bond yields.

At a stock level, the weighting to CSL has been slashed, following an extraordinary recent surge in the company’s share price. Portfolio allocations to Ramsay Health Care and Woolworths have also been reduced. For the more growth-oriented portfolios, part of the proceeds have been used to top up Resmed, Amcor and Endeavour Group.

Please refer to the applicable adviser to client communication for communication on these changes that you can send to your client.

 

View summary

Trades summary

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