MGF announced its Fund Update for April 2021 yesterday. This has yet to be published on Hot Copper. Tried to start a new thread but it only appears under latest posts not under ASX code MGF. Not sure if it is me or my system that have an issue but have re-posted here:
Disappointing that no commentary is provided on performance or their exposures with these updates.
For the first time since restructure 1 month performance has exceeded the benchmark:
Underperformance since inception (restructure) has ticked up:
Holdings and sector exposure are relatively unchanged. No doubt sector exposures to Internet & eCommerce (27%) and Information Technology (12%), with Top 10 holdings in Alibaba and Tencent, having an impact on performance.
Interestingly Top Ten holdings are now listed alphabetically and % exposure is no longer declared. As at March 2021 holdings in Alibaba and Tencent combined were 11.8%:
Continuing to trade at a discount to NAV:
Ann: MGF Fund Update - February 2021, page-102
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