Originally Posted by
Balance
Lightened up :
"Elsewhere, a2 Milk surprised the market with a profit downgrade. We still hold a2 Milk in the Fund, however it had been reduced from a large overweight position on evidence of pantry stocking by Chinese mothers in April. Since then a2 has had one of its three major distribution channels, the daigou channel, severely impacted by flow on effects from COVID-19 and increased competition. The company remains on watch for signs that management have the situation back under control."
Milford's moves are well worthwhile taking note as they have a rather rigorous process in place before they invest in or divest out of any investment.