vanguard, page-65

This concept of M&G being so smart by buying at $4.60, and $4 etc is just weird. As roh points out, they are a purely investment arm of the Pru. As such, those who bought the shares are probably being asked some questions by their managers, such as why are we 20% to 30% down on our holdings? What were you told to make you think this was a good prospect, and what are the implications of large holdings by the Chinese? When do you expect the SP to get back to $4.60? Why should we not bail now?

They're an investment company. No smarter than many individual investors, and often less smart than some. After all, it was the failure of mutual funds like M&G to foresee the GFC that caused many retirement plans to have to be re-evaluated (postponed, or cancelled indefinitely).

Just don't rely upon M&G, or the chinese, being so smart that you can be sure of riding their coat-tails to wealth. There's no doubt that without them the SP would be much lower than now - but their involvement is no guarantee of success.