We’re careful about what we invest in': AFIC stays cautious amid IPO boom

published 14.01.2021 06:23

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"There's been lot of focus on technology stocks, that can mean a lot of companies in that sector would view this as a good time to come to market.

Loading Nuix was an attractive opportunity for its ability to gain market share and the high-quality nature of its client books, Mr Freeman said.

AFIC released results for Mirrabooka Investments on Thursday, the asset manager's $503 million listed investment company that provides exposure to small and medium sized businesses.

Mr Freeman said the results were a "validation" of the company's strategy that focuses on investing in long-term ventures.

Mr Freeman said Corporate Travel Management was the opposite, and Mirrabooka jumped on the opportunity to buy in while the industry was "down on its knees".

by Charlotte Grieve from smh.com.au
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