Thread by @SmartSyncServ

There is a Narrative. There is data.

And then there is a narrative based on data.

The blog post below is one of those narratives based on data

rsharat.substack.com/p/the-naked-tr…

Do we agree with it?

No.

One of our investor friends is an ex @PPFAS but does not want his name to appear here.

He made some hard-hitting points to disprove the opinion formed in the above blog post which we believe cannot remain confined in a closed investor group.

So here we go.

~Comparison of PPFAS with NASDAQ 100 for the entire time period is a flawed logic (check image)

~35% allocation is overseas and not NASDAQ.

~allocation to NASDAQ based stocks was very low in the initial period

~It only got increased during the last year.

Using MOSL ETF for benchmarking is again an imperfect way to come to a conclusion.

~MOSL ETF may also have a tracking error compared to NASDAQ100

~We do not know the hedging strategies of MOSL ETF whereas PPFAS is 90% hedged.

Finally,

It is easy to find faults in other people’s work. Not so easy to find faults in our analysis.

If you find any fault in ours, please let us know 🙂

End