I looked at Goldman Sachs property securities fund quarterly commentary report in March and compared it to their June report. It appears they have experienced fund outflows so that the size of the fund has gone from over 150m to under 120m now. What this means is that when they reduced their significant holding in June, this was probably just rebalancing for fund outflows, as opposed to changing their view on the stock. Hopefully they do not experience more outflows and if that is the case I doubt they would be selling any more.
RJT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held