I don't agree with the outperformed in every bear market.
Covid created a market shock, Magellan may not have captured all the downside but they captured next to zero of the recovery.
Then they did a great job capturing all the downside of Alibaba and Tencent.
The NTA of the listed global fund is still not where it was pre-covid, hence the current predicament.
Don't rely on their marketting spin. Its just shifting the narrative so suit the situation.
They have taken a hit to their reputation and the only question now is how well they recover.
I'm betting on they will do better, but who really knows.
Ann: Funds Under Management - October 2021, page-41
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Last
$8.86 |
Change
-0.140(1.56%) |
Mkt cap ! $1.597B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $8.92 | $8.77 | $4.127M | 466.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1818 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.88 | 2746 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |