Join our investing community

navra retail

Discussion in 'Managed Funds & Index Funds' started by voigtstr, 6th May, 2009.

  1. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    Is Navra gradually getting more into the market? I notice that the unit price is creeping up a bit more. Are they still holding mostly cash?
     
  2. JustB

    JustB Well-Known Member

    Joined:
    15th Jul, 2007
    Posts:
    47
    Location:
    Sydney, NSW
    Last update by Steve a couple of days ago confirmed the NavTrade system is now trading up to 45% of FUM with an actual allocation of 27% invested into the market. The aim is to get the NavTrade system operating with 100% of FUM by end of financial year.
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Important to understand that increasing allocation is not just a matter of throwing money at the market ... they adjust the parameters of the system to allow for increased trading capital and then the system determines when to buy - and it will generally only buy on share price dips, not when share prices are strongly rising - hence it may take a while for the fund to use more of its allocation in current market conditions.

    I think Steve is looking forward to a "Sell in May" type correction.
     
  4. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart