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By Rishav Chatterjee
(Reuters) - Shares of Australia's Washington H Soul Pattinson and Co (WHSP) emerged as one of the top losers on the benchmark after the conglomerate reallocated about A$1 billion ($637 million) in capital away from equity markets.
The company, also known as Soul Patts allocated the funds to private equity and structured yield portfolio investments unrelated to equity markets, underscoring the weak investor interest in low-yielding stocks.
The 118-year old investment house...
>>> Read more: Australia's Soul Patts slumps after reallocating $637 million to private markets
(Reuters) - Shares of Australia's Washington H Soul Pattinson and Co (WHSP) emerged as one of the top losers on the benchmark after the conglomerate reallocated about A$1 billion ($637 million) in capital away from equity markets.
The company, also known as Soul Patts allocated the funds to private equity and structured yield portfolio investments unrelated to equity markets, underscoring the weak investor interest in low-yielding stocks.
The 118-year old investment house...
>>> Read more: Australia's Soul Patts slumps after reallocating $637 million to private markets
