Based on their portfolio construct, they are back on the FANG bandwagon
but again, the timing is poor. If you look at the Dow index it’s been held up those few stocks and likewise will be taken down by those few stocks
the problem here is, they are trying to beat the index and the only way possible for the last decade is to hold those stocks. This process is followed by most fund managers, which becomes a cycle.
this is why index funds been beating managed funds for years.
those underlying business are sound, but on what valuation, I personally don’t know as I never took interest in US markets.
So Magellan is smart, but they still need to play by the market.
MFG Price at posting:
$32.64 Sentiment: Hold Disclosure: Held
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