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
$2.53 |
Change
0.050(2.02%) |
Mkt cap ! $7.472B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.57 | $2.43 | $2.439M | 969.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 16719 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 19134 | 20 |
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| Last trade - 14.34pm 09/09/2024 (20 minute delay) ? |
| GQG (ASX) Chart |