Rough trot for retail investors

By Marcus Padley
Updated July 24 2014 - 9:08am, first published 8:54am

You may have noticed a developing commentary about the rough trot retail investors get compared to professional fund managers. The most obvious one is the unbalanced access to IPOs which has spawned the golden rule for retail investors that if an IPO is any good you won’t get offered it and if you get offered it, you don’t want it. The hot ones seem to evaporate into the hands of who knows who without so much as a public offer.

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