Two opinions I wanted to share here based on previous comments:
"High conviction" is a marketing term that funds have pivoted to after a slew of funds were outperformed by ETFs as a result of fund managers avoiding certain industries in favour of value stocks. The reality is that diversification is still an important strategy for managing any serious portfolio. Any share can still go tragically wrong, I don't care how much "conviction" you have.
Considering funds like this are generally medium/long term investors, I'm perplexed by the individuals willing to sell so urgently that they will concede a 20% discount on a fund trending up! Jesus! I feel like I'm taking crazy pills here!
Ann: 2019 Full Year Results, page-46
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$2.24 |
Change
0.040(1.82%) |
Mkt cap ! $795.7M | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.25 | $2.20 | $452.3K | 203.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55925 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 2291 | 1 |
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