This mob couldn't 'manage' to peel a banana.
Has anyone bothered to check the performance? Against the chosen index , our 'managers' have not been able to beat them in the last 5 years!!
They even managed to lose a net 10% in the last 12 months when the index only lost 8.6%. And our AMP champions are supposed to be actively managing. Surely blind Freddie could have switched to cash, shorted some stocks, traded ...anything really.
But no, here we are with managers who can't manage and a fund at a deep discount. Frankly, I believe the managers could manage to wind the fund down to nothing with this horrendous performance.
Time to close down. Sorry about your fees and bonus.
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