IFL 0.76% $2.64 insignia financial ltd

Ann: Corporations Act Subsection 259C(2) Exemption Notice, page-4

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  1. 3,991 Posts.
    lightbulb Created with Sketch. 2820
    Seems like a non event to me. Funds that are also IFL-owned entities will presumably buy & sell IFL shares too as part of the individual funds they operate for their investing clients or the ASX indexes they participate in. The change in holdings here is minimal overall and probably just part of the usual ebb & flow. With a new CEO in place I guess it is also possible they have been given new policies, protocols or directives governing how much exposure to the parent they should have. In any event, I don’t think it’s a major sell off and it does not imo explain the current retrace/stagnation/groundhog day.
 
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