PTM is doing everything right. In a forum like this, it won't attract much attention because it's not for day traders. It is often compared to MFG and other funds but this is incorrect if you look at the business model more closely. You can see in company announcements that FUM is up to $28bil now, about 20% up in a year. Last results reported in Feb disappointed because profit dipped slightly in comparison with previous half but this was only due to a one off profit bonus in previous half and a particular taxation issue. I think next report will show a very nice lift compared with recently reported half.
In any case, who cares. Sit back, collect your dividends, watch people knock themselves out jumping in and out and clean up in the long term.
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