I just returned from ten days holiday in New Zealand. Before leaving I placed a trailing stop order on the 1,000 ANZ shares the Fund bought in mid July. The stop was set at 5% below the recent high of $19.52.

As I have previously said, I generally do not trade frequently. However, in the current market environment and attitude to financials, this seemed prudent. The stop was triggered at open on Friday July 25^th for a 5.8% return in just over a month. However, as I neither wrote about the trailing stop (to much to do before taking off) nor followed up with a sell alert (a holiday is a holiday, I leave my life behind) I won’t record the sale in the model fund and thus continue to hold 1,000 shares of ANZ which last traded at $16.45 (down 4.2% from the funds purchase price).

I need to take a good look at both ANZ and NAB (National Australia Bank), both are worthy of closer inspection.

The Fusion Investing Model Fund continues to outperform the ASX index, an overall 17% outperformance and a 4.7% comparative outperformance on asset purchases. The plan remains the same. I will continue to add to Australian Financials, US based assets and any other opportunities which arise.

I’ve got a lot to catch up on, but hope to write more of substance in the next day or two.

The Aussie dollar has pulled back significantly to 0.9322, I haven’t even had time to look at what people are saying is behind that move. With only 11% of the fund invested into US assets at the moment I hope this is only a temporary pullback as I really want to have a minimum of 50% invested in US assets at the recent favourable exchange rate.

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