Nova Nordisk is their largest holding in the global equity fund - and sold off a lot over December. Not related to Adani but bad timing with those looking for strong performance short term to substantiate holding the fund.
Fund back to underperforming 5yr returns. How often do you see it...
A manager has a great run and is hailed the new genius of the markets. Only to stumble back to the market when the combination of variance and increased FUM works its magic.
