Less yield and profit than its big brother CDM, despite the promise of more active management and gains thru the more active shorting ! Well that didn’t work !
Karl Siegling added, “With inflation remaining elevated and interest rates substantially higher than they were a year ago, the investment environment continues to look significantly different to that of recent years. This tougher economic outlook we believe will lead to a greater dispersion of returns across stocks and sectors and will favour an active stock-picking approach that combines both fundamental and technical research such as the Cadence process.”
”The “Active Stock Picking Approach” strategy would seem to have been poor ! I have to ask where the gain is to be made over and above the investment in CDM ?
CDO Price at posting:
$2.27 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)