"[Retail traders] might be treating the market as a casino, but their collective presence has sent dealers and the house running for cover. Professional investors are baffled."
"It's symptomatic of the amount of cash out there,” says Monik Kotecha, the founder of Insync Funds Management. “I think that largely gives retail investors the capacity to get involved. With GameStop it’s a concerted effort to go against the hedge funds."
“It’s speculative in nature and doesn’t make any sense, but there are parts of the market which don’t make any sense now, there’s bubble-type behaviour and this is part of it. But I wouldn’t say the whole market is part of a bubble.”
Read the full article in AFR
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Equity Trustees Limited (“EQT”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Insync Global Quality Fund and the Insync Global Capital Aware Fund. EQT is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). This information has been prepared by Insync Funds Management Pty Ltd (ABN 29 125 092 677, AFSL 322891) (“Insync”), to provide you with general information only. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Insync, EQT nor any of its related parties, their employees or directors, provide and warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.