Thanks RandyMac. But why are all fund managers struggling with outflows? Magellan, PTM, AMP, PDL...? Is there some structural issue in this industry? Is the percentage of investors wanting their funds professionally managed dropping? Why? I remember when the stock broking industry had to change their model (from 1% commissions on buy & sell orders) when ComSec and the other cheap online share trading platforms started. Maybe these fund managers are experiencing some similar structural issues. For example, very easy and cheap to buy international shares directly these days. I used to have a global managed fund but now invest in global shares directly.... structural changes.....?
Inflection Point?, page-134
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Last
$1.12 |
Change
0.125(12.6%) |
Mkt cap ! $649.1M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.15 | $1.08 | $10.49M | 9.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 266480 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 50000 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PTM (ASX) Chart |