Ann: Funds Under Management - December 2021, page-64

Hi SP007

This is a important conversation and discussion point. I have estimated from my own calculations for December 21 performance , I think it is in the same range as yours. We will wait for MGOC monthly updated to confirm the December 21 numbers.
My numbers for Dec 21 are given below. The point I am making is what I have said for long time, we just can not go by what happened 12 to 18 months back with stimulus and all that liquidity to repeat again and MFG to be in the sideline.
Look at 12 month average performance below. The huge gap index funds and everybody else's performance had over MFG/MGOC is decreasing pretty fast. Mind you this is even before any action to reduce liquidity has commenced.even. From -23% to -11%. Fund managers are reacting to 6 to 12 months back under performance now. I can't see the point when the performance are already much closer and it is bound to change when the economical conditions change with liquidity gone, to withdraw from MGOC or other MFG funds , which are ideal suited for normal parameters of the economy is reset. In the coming environment MGOC has to do better.
I have copied my December 21 calculation too , the gap is 0.3%. Twelve months average is a better indicater , however some of the bigger under performance in those figures won't drop for another 8 months or so. It will still keep improving month over month.





Happy to hear any comments.