Perfectly explained, better than my butchered attempt haha.
At the end of the day these trapped funds are a good source of income for MFG at 1.35% plus a performance fee.
I don't think the investors are "scammed" either with dilution paid by Magellan and a historically statistically good investment performance.
The funds restructure will naturally have some slight teething problems but long term will be a good thing with a simplified investment structure (less costs) and easier process to apply for the open ended Global Fund via ETF or old application process.
For disclosure I am happy owning both MFG and MGF and glad I topped up at around $47.60
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$9.54 |
Change
0.100(1.06%) |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 368 | $9.54 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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14 | 879 | 9.550 |
8 | 2222 | 9.540 |
7 | 4019 | 9.530 |
5 | 953 | 9.520 |
7 | 7278 | 9.510 |
Price($) | Vol. | No. |
---|---|---|
9.560 | 441 | 6 |
9.570 | 938 | 7 |
9.580 | 1329 | 7 |
9.590 | 6749 | 12 |
9.600 | 7850 | 8 |
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