Any super obvious investors out there, they currently have delayed withdrawals for end of year reconciliation.
Not sure what that means but take care.
Been over ten business days for me. Plus one week.
Super Obvious Ethical Trading - Delayed Withdrawals No Response
Stopback on 30/07/2023 - 08:01
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Ok
Obviously
Been over ten business days for me. Plus one week.
I prefer one week plus ten business days. Seems longer.
Picking an investment mob that only offers virtue signalling on its website, and you have to go digging to find its AFSL… what could go wrong?
That's gotta be super obvious, ain't it?
And definitely not ethical
Not for me. From the PDS
"On 15 September 2021 the Fund’s Responsible Entity notified unit holders that it had assessed the ongoing viability of the Fund and
determined that is not possible to continue to execute its investment strategy due the size of its funds under management and ceased to
accept applications from 15 September 2021."……"On 15 October 2021, the Fund had compulsory redeemed all unites from its unitholders and paid the final distributions.
On February 28, 2022, the Fund has been relaunched and changed names from Morphic Global Opportunities Fund to Super Obvious
Everest Fund. Morphic Asset Management Pty Ltd retired as Investment Manager of the Fund. Ellerston Capital Limited performs the role
of Responsible Entity and Investment Manager of the Fund."Also, their "Team" as shown does not include a single investment analyst?
Before joining Super Ovious, the CEO background is almost entirely is systems development.
Similarly, the CTO's background is in engineering.Does not exactly inspire any confidence in their investment ability
Add to that the $150,000 total net assets held as at 30 June 2022. Yes, that figure is correct, they don't even have 1 million under management.
If that wasn't bad enough:
Since its relaunch, the investment objective of the Fund is to generate a 3% outperformance over the MSCI World Mid Cap Index net return (NR) (AUD) over a rollling 5 year period.
This "fund" is a complete joke.
Are they only managing one person's super?
Ok