1. Continuously managment fee no matter the market is up or down. May subject to capital outflow, but most of the investors will hold based on prevous research on fund investors behaviour;
2. When market down usually may attract more investors who prevous think big tech were expensive;
3. THE PERFORMANCE FEE is based on relative performance, as they hold big tech which is nearlly the same as the index and the hold a portion of cash which make sure they have a high probability toi win the index;
4. New products may lauch, which may increase the FUM;
5. Prevous underperformance was partly driven by Alibaba, which now all settled.
This price is like ANN at 20 and SHL at 20, I could not see any downturn risk. I will start to buy it, prevous investment in ANN and SHL give me confidence that is why I am open this thread to record and share my thought. We can come back and see it after half a year : )
MFG Price at posting:
$42.55 Sentiment: Buy Disclosure: Not Held
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