Ann: Funds Under Management Update, page-43

It is good emerging markets have done well. I am not following GQG, but I gather they moved into commodities few months back when oil was low down.
MFG has a different investment parameters. They invest for long term and avoid getting in and out of stock. This style didn’t help them for last 18 months, but everything goes in cycle.
As I said before last 3 months MGOC/MFG portfolio has done as well as indexes or slightly better. Is this going to be the trend, slowly MFG portfolio to do better than indexes as time goes by. FB,Netflex are much cheaper now and these are business still producing billions of $ per quarter. May be they were over valued and now corrected.
Coming back to the subject of timing, did SJP move out at the wrong time. ?They had all the time during last year when MFG under performed by 20% or so until Nov 21.
Since December that 3 month underperformance has vanished.
With the herd mentality of investors, did all other withdrawals follow SJP at the wrong time. ? Your comments are welcome.