Here is a Bloomberg article on GQG selling Charles Schwab stake:
https://www.bloomberg.com/news/articles/2023-04-14/charles-schwab-s-top-investor-exits-1-4-billion-stake-ft-says#xj4y7vzkg
Schwab was down close to 30% for the month of March and this article clearly shows GQG’s strategy is to remove bad performers from portfolio as soon as possible (I assume through a derivative strategy to minimise losses).
Just another bit of evidence to trust in GQG moving forward.
Here is a Bloomberg article on GQG selling Charles Schwab...
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Last
$2.90 |
Change
0.050(1.75%) |
Mkt cap ! $8.564B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.95 | $2.83 | $5.675M | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4761 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 4761 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |