Managed funds

[Shareguy]

CTD started trading yesterday , not much of a bounce in the Discovery reval today . I thought they had written it right down ??

Yes that's what I thought. Might be used at a later date. I see CTD up 5 percent today so far.

[Shareguy]

Fund August Winners and losers so far. Will add Salt and others when data available.

(1) Pie Emerging    9.5 percent. AUGUST WINNER🍾🍾🥇🥇🏆

(2) Pie Growth      4.2 percent

(3) Discovery        3.7 percent

(4) Pie growth 2    2.6 percent

(5) Fisher KSG.    2.1 percent

(6) Pie Dividend    2 percent

(7) Pie global      1.4 percent

( Milford KSG  0.8 percent

(9) Salt L&S.       0.4 percent

#KSG= Kiwi saver growth

[Basil]

https://discoveryfunds.co.nz/assets/Newsletters/Discovery-August-2026.pdf

I think they've lost their way.  37% underperformance in the last year is an epic fail as is 14% underperformance average for the last 2 years..  Glad I got out in November 2024.  Its basically been all downhill since then.    They got lucky with a couple of picks at the start which they pumped up with fresh capital flowing into the fund.

Go back and have a look at performance, a) before the fund was closed when they could pump their own stocks up with fresh capital to earn millions of dollars of exorbitant performance fees and then b) look at the performance since they closed the fund in Sept 2024 and were unable to pump up share values with fresh funds.   Huge outperformance followed by huge underperformance.  Ask yourself if that's a coincidence...