Seems like this is just Fidelity selling down based on capital outflows from their fund. This is just normal selling pro-rated across their portfolio they would do as the market sells down their fund, it just ends up for us they cease to be a major shareholder.
see: https://www.morningstar.com.au/investments/security/fund/12292/performance
Significant negative investing flows (ie people cashing out).
Haven't run the numbers but suspect they haven't changed their relative exposure.
Still expecting a significant inflection point soon. Hoping it's before the nd of this FY, as have some tax headroom this FY!
Happy weekend all.
Cheers - YS
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Seems like this is just Fidelity selling down based on capital...
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