PRIV Outflow Alert
Uh oh
Short post to update folks on a pretty major outflow for PRIV over the last week.
These screenshots will tell the story.
That’s $80mm out the door in 4 trading days.
What does that do to private asset prices you may ask?
Nothing. (AP Hermes and Fides move like this constantly due to FX changes and other things)
This seems pretty wild to me. I emailed them for the nth time.
Maybe it’s all flowing into PRSD?!
Nope.
I have no idea who is running for the door but they’re not being shy about it.
Much more about the asset changes and pricing in next week’s update!
Leave a comment/note/send me a message about my app and let me know what I can do better or just get rid of! No wrong answers.
Go read these people:
Dave Nadig : Nadig.com / ETF.com
Tony Dong : Linkedin / ETFCentral.com
Nicholas Phillips : Linkedin / ETFCentral.com
Jeff Ptak : Substack | Morningstar
Tematica Signals : Substack
Phil Bak : Substack
CovenantLite : Substack
Brent Sullivan : Substack
Leyla Kunimoto : Substack
The Kotok Report : Substack
also anyone I subscribe to on Substack. I actually do read them!
Thanks for reading.
I run an ETF consultancy and educate clients on potential market entry, product design, and content/marketing.
If you want to chat, please reach out to cmacwilliams@outerbeachc.com, connect with me on LinkedIn, or visit my website.
Disclosure: I own one share of PRIV and two shares of PRSD. None of this is investment advice and is presented solely for educational purposes.