MFG in the BUY zone, page-409

Hi Lost, This numbers you have presented are very interesting and makes a case for GQG.
But we need to find out and eliminate the fund flows and any acquisitions etc to make out performance only returns.
Also GQG has been in operation for shorter period. For example calendar year 2020, did GQG have bucket load of cash sitting or received around March 2020 and invested at the depth of Covid crash. Is this plan or just luck for a newly set up company?
Also the period we are going into over next 3 to 5 years, which so much of debt in the industrial economies and emerging economies, sooner or later countries will have to tackle it. In the past any time there is a major disruption, emerging markets suffer greatly as their currencies are devalued sharply.
Emerging markets growth picks up quite fast after an economical disaster. Therefore timing has to be perfect when you have 35% in emerging markets. As you said they may be nimble enough to exploit a situation like that. As the GQG history is only for 3 or 4 years if good times in the world economy , it is a difficult decision. Is safety of Magellan share portfolio better option.?