With all due respect, I don't think this is the way to look at it.
TGF is not benchmarked to an index, it has an absolute return objective of 15% p.a. over five years. Comparing it to the materials sector is not really an apt comparison. It is a global strategy exposed to both equities and credit. The S&P/ASX 200 Resources is up 11.9% 12 months to May 2019 while the S&P Global Natural Resources (in AUD) is down -8.5%. Unless you have a precise look through to their holdings, you can't really make the call that they are an Australian resources fund.
What's going on?, page-11
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Last
$1.39 |
Change
-0.010(0.71%) |
Mkt cap ! $109.5M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.39 | $521.9K | 373.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10800 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 10000 | 1 |
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| Last trade - 15.39pm 09/08/2024 (20 minute delay) ? |
| TGF (ASX) Chart |