Portfolio Management GQG versus MFG, page-24

Hi All

Here is an updated comparison table of performance for two funds of equal size at Magellan and GQG. GQG has a broader selection of stocks per portfolio across the $USD85B+, whereas the Magellan fund represents a fair chunk of its portfolio.



With the above table, trying to anticipate the monthly movement of FUM for each fund manager (albeit not fully representative of performance over a longer duration).

During the month, GQG's portfolio has improved, where MFG's has fallen backward slightly (although if FB holds pre-open price, portfolio will increase 6.14% for the month so far). There is still a wide performance gap after fees:
MFG = 4.79%
GQG = 6.99%

Compounded over 1 year this is significant, however if we add GQG's greater performance up over 12 months, the difference is a 26.4% point differential or fund investors will be missing $26,400 for every $100,000 they have invested in a Magellan Fund.

Will be interesting to see what the actual performance is comparative on a monthly basis.

Best of Luck
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