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ASX:WES
Wesfarmers Ltd
Investment Summary
The fund managers believe that Wesfarmers Ltd has been a strong performer in their portfolios. In their opinion, the decision to sell was a strategic move as the share price reached their valuation target. Over approximately 1.50 years, Wesfarmers provided a substantial 35% return to the Balanced Portfolio, underscoring its role as a consistent and reliable investment. The fund managers view this as a positive contribution to overall portfolio performance.
Commentary From The Managers
Endeavor Asset Management
31 May 2024
$64.89
- Endeavor Asset Management sold their investment in Wesfarmers (WES) as it reached their valuation target.
- The decision was made for portfolio management purposes.
- Wesfarmers has been a consistent contributor to the portfolios.
- Over the ~1.50-year duration of the investment, WES returned 35% to the Balanced Portfolio.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
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