this is what the MGOC's (a fund run by MFG) looks like
It is not tech heavy and it has a lot of staples and utilities.
the reason it doesn't drop as much as others in a down turn is that it is defensive. In fact if we do have a downturn due to say omicron, MGOC will most likely out perform the index
But this does not concern Hamish because his goal is to get 9% for his customers after fees
Finally if Magellan's funds outperform more people will invest in the funds, this will result in an increase in Funds Under Management and the fund manager (MFG) making more money from management and performance fees. More management and performance fees lead to greater profits and a higher share price for the manager, MFG.
I think everybody knows this and if you do, apologies for being so obvious
MFG Fair Value, page-101
-
- There are more pages in this discussion • 126 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.40 |
Change
-0.280(2.62%) |
Mkt cap ! $1.859B | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.60 | $10.37 | $2.630M | 251.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1884 | $10.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 34 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |