MFG in the BUY zone, page-346

Hi
It is a good question and I don’t know the answer.

But what I know is there is only one thing that matters that it is performance, performance, performance.
It is long term performance coupled with the risk you take that matters.
We are having this conversation only for one reason that is due to so called under performance of MFG.
As MFG has shown In the last 8months rom Mar21 onwards , if they performed better than the market this is will go away.
I would think most investors will wait for at least another 6 months before moving funds. The last few months has been solid despite Chinese stock in the portfolio.
The three investors who reduced their holdings, are still given the mandate for $2B+ with MFG. These decisions are made for variety of reasons like what the exposure they like to have in a region or country.
For future performance I look at only the portfolio of stocks in the basket. To me this is the most critical factor and MFG stock holdings is absolutely great for any market conditions , other than what we had with massive fiscal and monetary stimulus. This once in a life time situation.This stimulus is being taken off gradually all over the world. The future growth is going to be extremely difficult in about 3 years time due to higher interest rates and requirements to bring your fiscal position to more reasonable debt levels.
Fom what I read FAANG, MSFT,SAP will still do well for at least 7 to 10 years. The balance portfolio comprising consumer retail and utilities will always do better during slow to medium growth period.
So I wonder why will someone pull out funds and where will they invest in Australia, unless otherwise it is for regional rebalancing. If it so it will be only a smaller % of the invested funds and unless they want to leave Australian market all together. This very unlikely.

In the mean time I am waiting for the tide to turn go MFG. At least recommendation coming out from various sources for MFG are higher than current SP. That is the start and we will watch the performance.
Do you know name of the stocks GQG is carrying and what % of the portfolio?
Take care.