MFG in the BUY zone, page-167

MGF is a closed end fund, ie a LIC, therefore will trade at discounts or premiums to NAV as decided by market sentiment.
This can cause a lot of frustration for investors particularly if they buy at a premium or around NAV and then watch it fall into
a deeper and deeper discount. In recent times MGF has sometimes been trading at discounts of 10%+.
also a LIC can smoothen its dividend payout by retaining some profits for a rainy day, thus some LICs are able to maintain or even increase
dividends using retained prior profits despite sharemarket falls, and distributions consist simply of franked, or unfranked, dividends.
Just like owning for example CBA or TLS shares.
No annual tax statement with capital gains distribution creating a liability at your income tax time.
HYGG is an open ended fund, an active ETF. therefore trades at or very close to NAV with units made available by a market maker.
the price is not affected by buyer or seller demand therefore never trades at discount or premium to NAV.
however unlike LICs, ETFs cannot smoothen out dividends therefore distributions are much lumpier and variable from year to year, plus you
get an annual tax statement each year with items such capital gains discounted, capital gains other, foreign income, etc
which can be a pain at income tax time and reduces the after tax benefit of investment.
HYGG so far has paid out no distributions which is unusual.
So LICs and active ETFs have some major differences. Each has its Pros and Cons.
I own both HYGG and MGF.