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Navra retail vs Wholesale

Discussion in 'Managed Funds & Index Funds' started by DavidJ, 11th May, 2007.

  1. DavidJ

    DavidJ Member

    Joined:
    28th Jun, 2006
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    22
    Location:
    Sunshine Coast, Queensland
    Perhaps I'm reading it incorrectly but looking at the Navra returns ytd after fees it looks like the retail fund has delivered a slightly better result that the wholesale fund. I had thought that these two funds were invested in the same stocks with the lower fees for the wholesale fund being the only difference so cant undertsand how the retail would ever perform better than the wholesale. Does anyone know?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    9th Jun, 2005
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    Location:
    Sydney, Australia
    Yes - it's all about timing.

    Each fund has it's own cash inflows and outflows and people buy and sell units. As such, each fund will do trades slightly differently as cash becomes available. The portfolios are never quite exactly the same.

    It would never be much, but over time it all adds up.
     
  3. DavidJ

    DavidJ Member

    Joined:
    28th Jun, 2006
    Posts:
    22
    Location:
    Sunshine Coast, Queensland
    Thanks SIM, thats the mystery resolved!