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$1.78 magellan high conviction trust

Ann: Weekly NAV, page-13

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24/10/19

20:18

Post #: 41057060
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Originally posted by Dewy90: ↑

The Magellan High Conviction fund has returned 16.18% over the past 3 years, 14.69% over the past 5 years and 15.70% since inception (2009) in a very favourable market; though still an outstanding result.

Anything above 9-10% p.a would be a terrific result over the next few years. I don't know how the markets will travel in that period though, so we'll wait and see.

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They have achieved it with hardly any turnover of the portfolio either. Could be akin to the Berkshire buy and hold future wealth winners strategy. Their sister fund MGG reported zero capital gains last FY - a very tax effective result

MHH Price at posting: $1.57 Sentiment: Hold Disclosure: Held
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0 Great analysis

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