Anavex Life Sciences Corp (AVXL)

[Steady_T]

We have been through this false argument multiple times

The bulk of the shares owned are in various index funds where the fund manager has little choice about which companies and how many shares to own.

A significant number of shares are in various discretionary funds where the fund manager is able to choose which stocks are included in the fund. It is those discretionary funds that are adding shares.

Many of the index funds are market cap weighted which means when the funds rebalance a stock with the share price drop should result in the fund selling shares.

What we are seeing is the total number of shares owned by the large money manager funds is increasing.