Perfectly explained, better than my butchered attempt haha.
At the end of the day these trapped funds are a good source of income for MFG at 1.35% plus a performance fee.
I don't think the investors are "scammed" either with dilution paid by Magellan and a historically statistically good investment performance.
The funds restructure will naturally have some slight teething problems but long term will be a good thing with a simplified investment structure (less costs) and easier process to apply for the open ended Global Fund via ETF or old application process.
For disclosure I am happy owning both MFG and MGF and glad I topped up at around $47.60
Perfectly explained, better than my butchered attempt haha.At...
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.51 |
Change
-0.110(1.28%) |
Mkt cap ! $1.538B | |||
| Open | High | Low | Value | Volume |
| $8.55 | $8.61 | $8.48 | $3.234M | 379.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2083 | $8.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.53 | 4645 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$8.50 |
Change
-0.110 ( 1.41 %) |
||||
| Open | High | Low | Volume | ||
| $8.54 | $8.61 | $8.49 | 66971 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| MFG (ASX) Chart |