NAB has announced the completion of its $2.5bn on-market share buy-back. In addition, it has also announced a further buy-back of up to $2.5bn. The total combined size is therefore $5.0bn.
In the latest ETF Report we discuss how including global real estate securities may enhance risk-adjusted returns, minimise volatility due to the lower correlations with other asset classes, and create a yield uplift on the aggregate portfolio level.
We have had a change in analyst for Flight Centre Travel Group (FLT) which was last published in Aug’21, resulting in a change to our forecasts and valuation.