Three reasons why CIE reports are better than CTN. More material about the portfolio itself -performance of stocks held or missed - much less re "world markets and economic outlooks and other market areas" - results for every reasonable period shown for a company only launched just 2 years ago
And CIE performances out performing target set at all bar one reporting period - 12 months ( and above target even after fees of under 1 per cent pa )
What can CTN manager write about? Everything bar performance. When over the last 14 months since CGA/ CFML appointed, he has averaged 1 Per cent per MONTH below his target return ( and far more under compared to other top quartile micro managers )
But it becomes somewhat noticeable when you go from reporting 8 or 9 standard periods, to only 2 or 3 - and concentrated on good periods of previous management!
Makes a mockery of CGA's standard quote -- " .. CGA is a high performing Australian funds management company that offers both core and satellite portfolio solutions.." ( Foot of P2 of Aug Report )
The report is a Report via ASX authorised by the Board of CTN. They carry the validity and usefulness of it for their Shareholders. Do they read it/ question its correctness, and usefulness for their shareholders? And, issued 21 days after the month covered was completed
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- Ann: Monthly Portfolio Update as at 31 August 2017
Three reasons why CIE reports are better than CTN. More material...
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