Thanks for the clarification, yes I was thinking equities based on their statement. I can see how the interest rate movements would have a big impact on their fixed interest investments. But what I find difficult to understand is why the market didn’t react sooner as the institutional investors / analysts would have been well aware of that during May-June when the bond markets got hit.
I bought in earlier today as I believed the market was over reacting based on what the institutions would have already been aware of and could see them coming back into the market today to pick up some cheap stock.
Not a good “unrealised investment experience” for me so far today though.
CGF Price at posting:
$6.04 Sentiment: None Disclosure: Held
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