There's a management fee on assets AND a 20% performance fee.
The 20% performance fee is payable even if the fund underperforms against its peers or against an index.
It rewards luck rather than skill.
IMO that's what the market dislikes.
None, Not Held
Ann: Net Tangible Asset Backing February 2024 with commentary, page-7
Add TEK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $54.24M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $11.94K | 90.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 487161 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 325706 | 4 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| TEK (ASX) Chart |