The Challenger small caps fund sold down its shareholding in IWL last week from 7.43 per cent to 6.33 per cent.
The latest move, announced to the ASX last week, caps off a busy month for Challenger, which included 10 other changes to its substantial shareholdings in various companies – seven decreases and three increases. In its presentation to institutions last month, IWL noted Challenger was one of its major institutional supporters and said it owned 8 per cent of the company. IWL also confirmed Susan Thomas as its new independent non-executive director last week, replacing Colin Scully who recently resigned the post.
23/05/2006
confirmed, thomas, independent, challenger, replacing, colin, supporters, resigned, susan, owned, scully, company
Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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