Absolutely Agree, I have been happily averaging down on MFG as it has a lot of individual bull points.
Like you mentioned its top three investments (~20% of fund) have done really well over the last month. -Tencent up approximately 28% for the month -Alibaba up approximately 15% for the month -Microsoft up approximately 12% for the month
They had healthy inflows for December, hampered by the AUD/USD exchange rate, once this starts to swing MFG benefits greatly being unhedged. With the 1:4 offer for new MGF units they may have their FUM increased 25% in just over a month, increasing further with take up of the options offered.
I personally like their direct investments in GYG and Barren joey and I believe it will be synergistic for Barenjoey and a good use of their knowledge with the YUM! brands to apply to GYG.
Overall good history and management, but am scratching my head why it is struggling to go anywhere.
MFG Price at posting:
$47.47 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)