RE: Align research holding24 Jan 2021 12:22
Happy - funds and those managing collective funds do not have the same level of free will that we have managing our own accounts.
Sometimes they are legally required to sell shares for certain reasons, such as % rise, size mcap etc etc…
For example if you invest in a "medium risk" fund their investing protocol will be a set structure. must not invest in companies with less than X macp - hence why we sometimes see funds running for the exit while pa's spot a bargain... similarly they might have to sell a certain % of a holding after a certain % rise. To mitigate risk.
As we have seen in 2020 there are factors outside of anyone's control and regardless how much everyone believes something to be happening there is of course always an element of risk.