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Article: Clear-out of small and mid-cap stocks.
- Article from:
- Australasian Business Intelligence
- Article date:
- February 13, 2006
CopyrightCOPYRIGHT 2006 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Hemming
Feb 13, 2006 (The Australian Financial Review - ABIX via COMTEX) -- There have been some changes in institutionalholdings of Australian small and mid-capitalisation stocks. Since the start of
February 2006, large fund managers have beenactive in the market. Paradice Cooper hassold Integrated Group and bought Pacifica,while BT has been buying Funtastic,increasing its stake to 5.07 per cent.Funtastic has had a difficult 12 months. Itsshares are presently trading at $A1.665. Colonial First State is selling itsAustbrokers shares and Perpetual has reduced ...