absolutely correct. End of the day it is the performance over the long period that matters. MFG had a really bad period from last year Covid and reopening period which is still playing out. That is why end of June 21 performance looks bad. As I said before from end February 21 onwards to to date MFG has picked up are doing better than any index over this period. Also on the question of fee rates MFG have created lo open ended low fee funds in December 2020. Anybody who wants to move over can do it with in the MFG itself. The performance fee is paid only if they achieve the objectives set out, otherwise nil. I can’t see this being a problem.
MFG Price at posting:
$39.39 Sentiment: Buy Disclosure: Held
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