Q: Hello 5i,
I have a follow=up question about HIND:CA. When I look at the data on your company profile, the market cap shows as being 2.5 million. Both GlobeInvestor and the company website peg it at around 26 million. I am guessing that your feed has a typo?
Also, on the company website, they reference a number - "126 B" as being their "Average Market Capitalization". What does this reference in relation to the fund's market capitalization of 26.5 M?
I note, incidentally, that this fund's market cap seems to be slowly increasing. At what point should one take this fund seriously? Would increasing market cap need to be considered in conjunction with length of time as an operating fund before jumping in?
I am not quite ready to "pull the trigger" on this one, but it is very high on my list, and I am looking for "buy signals" as opposed to buying blind.
Many thanks for any insights you can offer.
Cheers,
Mike
I have a follow=up question about HIND:CA. When I look at the data on your company profile, the market cap shows as being 2.5 million. Both GlobeInvestor and the company website peg it at around 26 million. I am guessing that your feed has a typo?
Also, on the company website, they reference a number - "126 B" as being their "Average Market Capitalization". What does this reference in relation to the fund's market capitalization of 26.5 M?
I note, incidentally, that this fund's market cap seems to be slowly increasing. At what point should one take this fund seriously? Would increasing market cap need to be considered in conjunction with length of time as an operating fund before jumping in?
I am not quite ready to "pull the trigger" on this one, but it is very high on my list, and I am looking for "buy signals" as opposed to buying blind.
Many thanks for any insights you can offer.
Cheers,
Mike
5i Research Answer:
Our data on the company profiles comes from a third party and may be delayed. There could be a mistake here as Bloomberg shows $26.95M. The $126B average market cap of the fund's individual company stock holdings. For examply RTX is its biggest holding, and it has a market cap of $157B. Generally, we like to see a fund's assets (very similar to market cap unless there is a discount/premium) at at least $75M. ETFs can be closed if not profitable for the management company. Liquidity can also be an issue for small funds. HIND is growing, but it is a specialized category and growth may be a bit slow.