I don't hold your optimistic view here unfortunately. The above report highlights how they've primarily disposed of holdings in the travel sector. These will result in significant realised losses. I think the reason they initially didn't sell-off as quickly as other managers and indeed other WAM funds was because they didn't want to realise losses in order to protect franking. I think this month's report has told us they've abandoned this philosophy.
I don't hold your optimistic view here unfortunately. The above...
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$2.26 |
Change
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