That argument stands up ok when you’re talking about a ‘balanced ETF’ versus, say, a direct investment in the Magellan Global Fund (MGF)
But here we’re talking about MFG - the controlling company which has a range of other irons in the fire other than just being a fund manager.
MFG has in my view been beaten down below fair value so if I think the MFG sp will grind back to be $50 by 2023 why wouldn’t I prefer it to a ‘balanced ETF’ ? (I mean I’d stand to make a 43% capital gain plus 5% to 6% dividends along the way)
Ann: Funds Under Management - October 2021, page-110
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Last
$11.45 |
Change
0.190(1.69%) |
Mkt cap ! $2.047B | |||
| Open | High | Low | Value | Volume |
| $11.32 | $11.50 | $11.28 | $7.057M | 618.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58 | $11.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 1610 | 2 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |