So the FF was better off by selling its tls shares?
Who knows what the future will bring?.
They have decided that they were overweight Telstra and have diversified the portfolio. Too many eggs in one basket for their liking.
So amongst overseas share purchases they have been buying commercial property at a time they think prices were depressed.
Buying into airports at a time when they think they are fully priced but not in a bubble. Looking for long term income.
Reducing cash because of poor cash rates.