Trade Alert: Stopped out of utilities but strong overall portfolio performance
We are stopped out of the XLU (Utilities sector fund) after a weak 5yr UST auction in the US.
We entered the XLU as a counterweight to our pro-cyclical US portfolio and the rest of the portfolio performs nicely.
Our list of trades remains the following. Our portfolio (on listed stuff) remains updated on a running basis here.
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Stopped out of utilities, but the rest of the portfolio performs nicely