Mechelany Advisors’ MODEL PORTFOLIO has been running in a fully transparent way since January 1st 2014. Its Purpose is to implement the conclusions of our research analytical process in a portfolio managed using institutional liquidity, diversification, risk management and asset allocation processes. In our TRANSACTION UPDATES we keep our readers informed in real time of the transactions in our MODEL PORTFOLIO
Today, we took advantage of the massive rise in CHINA ZHENG TONG, our largest individual long position which has risen 60 % in the past two days, to take some profits and reduce exposure. Investors are finally realising that the luxury auto dealer is out of the woods and should publish great results in August. We sold twice today, once at 1.12 and once at 1.30, reducing our exposure to 6 % of the portfolio
We also took advantage of the recent selloff in Chinese H-shares to increase our positions in some major stocks such as CHINA LIFE INSURANCE, NEW CHINA LIFE, AGRICULTURAL BANK OF CHINA and CHINA MINSHENG BANKING.
We re-instated our position in GEELY Automobiles, and yesterday we added a new position in SINOTRUCK and re-instated our position in SHANGHAI DONG ZHENG the auto finance company.
New Asset Allocation
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