KLSE (MYR): ICAP (5108)
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Last Price
3.09
Today's Change
-0.01 (0.32%)
Day's Change
3.09 - 3.10
Trading Volume
10,100
5 people like this.
5,696 comment(s). Last comment by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ 2 hours ago
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > 2 hours ago | Report Abuse
2024-03-29
ZhugeLiang88
14 posts
Posted by ZhugeLiang88 > 3 weeks ago | Report Abuse
@patient
"Doing share buy back increase overall fund exposure to portfolio holdings."
Might not be so. The fund manager can sell all stock holdings and cash proportionately. Not necessarily just use Cash. And by selling proportionately all the stocks in the portfolio and cash,
1) The NAV per share rises, and
2) The fund manager still have cash (in the same proportion) as before share buyback.
As for performance, can compare with Icap with Berkshire.