Yep, until active management can prove it's worth... it's one big sinking ship.
It never amazes me how the gurus on here talk down 30 years of underperformance for all active managers... relative to the index. And all because 3 out of 10, if you are lucky, will beat the market return.
For some people it's always not this year... next year... wait the next recession... no, the next one.
On top of the underperformance is the egregious fee structures, and for some performance fees without a benchmark.
The fact the Magellan closed fund now sits at a relatively constant 20% discount tells you everything you need to know about investor confidence in Magellan.
As for the open fund - watch the redemptions continue to flow in.
Ann: Update - Notification of buy-back - MFG, page-16
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Last
$10.79 |
Change
0.060(0.56%) |
Mkt cap ! $1.950B | |||
| Open | High | Low | Value | Volume |
| $10.74 | $10.86 | $10.53 | $10.06M | 939.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 87 | $10.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 1000 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |