it is reset every six months, june and december. watermark is unit price when last performance fee was paid, it is not indexed to market.
past under performance does not need to be made back up.
maybe read the PDS more clearly.
like @thebarry111 said. it stinx.
MFG in the BUY zone, page-573
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Last
$8.41 |
Change
-0.010(0.12%) |
Mkt cap ! $1.529B | |||
| Open | High | Low | Value | Volume |
| $8.42 | $8.49 | $8.41 | $857.5K | 101.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 942 | $8.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.42 | 773 | 13 |
View Market Depth
| Last trade - 11.58am 01/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |