Very true.
To determine the performance of the underlying funds, watch out for the quarterly disclosures by PPT as to the % of funds that exceed benchmarks. This refers to the performance of the underlying funds themselves and not PPT as an entity.
I think PPT funds are outperforming their benchmarks in about 70% of the funds.
Not a bad outcome considering the breadth of the funds, and the fickleness of the markets in the past year.
I have forgotten to tell you that PPT does receive fees for a share of any outperformance of an underlying fund.
So, naturally, it is in the interests of PPT, as a company, for its underlying funds to do well.
It is difficult to tell if the Santos sale was good or bad for the underlying fund(s) involved, without knowing all the details.
Some complicating factors might be - Was the fund a long/short fund ? - Were derivatives written against the STO shares ? etc etc etc
But, on the face of it, it does look like a premature sale, however.
Very true.To determine the performance of the underlying funds,...
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Last
$21.95 |
Change
-0.130(0.59%) |
Mkt cap ! $2.491B | |||
| Open | High | Low | Value | Volume |
| $22.05 | $22.14 | $21.81 | $6.856M | 312.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 529 | $21.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.95 | 4422 | 4 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$21.84 |
Change
-0.130 ( 1.13 %) |
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| Open | High | Low | Volume | ||
| $22.09 | $22.13 | $21.81 | 24988 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| PPT (ASX) Chart |