Hi Steve/Sim.
Are you any closer to uploading this presentation?
I stumbled across this thread after doing a Google search on the Navra Retail Fund. A friend of mine received a letter today from NavraInvest advising that the fund moved into cash last November and "cannot confirm when a move out of cash and back into the share market might be made".
The letter says the combined total size of both the Navra Retail and Wholesale funds is substantially below the size at which it is economical to successfully run two registered managed investment schemes. From what I understand the letter also says that no further applications are being accepted into the fund.
Can you please provide an update on where the Navra fund is headed? My friend is very stressed because he rang your office and was advised to think about redeeming his units! This would be at a large capital loss even though he has held on since the GFC in the hope the unit price will eventually recover. Given your new feelings/view on the share-market are you closing the fund down and will he be forced to sell at a loss?
Are you any closer to uploading this presentation?
I stumbled across this thread after doing a Google search on the Navra Retail Fund. A friend of mine received a letter today from NavraInvest advising that the fund moved into cash last November and "cannot confirm when a move out of cash and back into the share market might be made".
The letter says the combined total size of both the Navra Retail and Wholesale funds is substantially below the size at which it is economical to successfully run two registered managed investment schemes. From what I understand the letter also says that no further applications are being accepted into the fund.
Can you please provide an update on where the Navra fund is headed? My friend is very stressed because he rang your office and was advised to think about redeeming his units! This would be at a large capital loss even though he has held on since the GFC in the hope the unit price will eventually recover. Given your new feelings/view on the share-market are you closing the fund down and will he be forced to sell at a loss?