A star fund manager at Principal First had been managing the company's information technology fund for the previous six years. Under his management, the fund had consistently outperformed the market, delivering a five-year compounded annual growth rate of 28 per cent. The exceptional performance of the fund was due to an overexposed position in Vakrangee Limited, a mid-tier information technology company. The fund manager bought the stock in early October 2017 at 240. By January 2018, the stock reached a high of 500. However, the fund manager did not liquidate his position because he believed that there was still more value in the company. At the end of January 2018, the stock plummeted, as did its net asset value, and the fund manager wondered where he had gone wrong in his analysis. Pooja Gupta is affiliated with Symbiosis International University.

【書誌情報】

ページ数：11ページ

サイズ：A4

商品番号：HBSP-W20590

発行日：2020/7/3

登録日：2021/2/19