Why you should ignore the merchants of doom and gloom
The extensive but brief dislocations in global sharemarkets following the UK’s decision to leave the European Union were a timely reminder of the fleeting nature of many crises.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Phil Crossan
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Congratulations on winning the Emerging Fund Manager of the Year that’s an excellent result.
What is the cash weighting of the Montgomery [Private] Fund?
The unit price of about 1.24 implies to me that a fair few capital gains have been distributed, which happens when realised.