Mutual funds sold Gland Pharma and CAMS in August
In short
Mutual funds sold Gland Pharma and CAMS in August, the report says. It also says they bought some small-cap stocks, even while money flowed out of large and mid-cap funds.
TD Power Systems, Tenneco Clean Air India and Rubicon Research were among the most bought names. The full list of sellers and the amount sold are not stated.
What the reporting says
Mutual funds sold Gland Pharma and CAMS among five small-cap stocks in August, according to the reporting. The summary says funds still favoured select small-cap names despite broader outflows from large- and mid-cap segments, with TD Power Systems, Tenneco Clean Air India and Rubicon Research among the most bought. The exact full list of sold stocks and the size of flows are not stated.
Why it matters
The reporting says mutual funds sold Gland Pharma and CAMS among five small-cap stocks in August, while still buying selected small-cap names despite broader outflows from large and mid-cap segments. It names TD Power Systems, Tenneco Clean Air India and Rubicon Research as the most bought small-cap stocks. The exact flow amounts and complete sell list are not provided, so the scale of the move is unclear.