I feel your pain @blackjackson, the sad reality is this sector is in the toilet and MFG is the worst performer of the lot. It's difficult to see MFG SP recovering anytime soon, especially when FUM have nearly halved in the past 12 months and seemingly still heading south when even top performing fundies with very impressive records and positive CAGR like PNI and GQG are getting smashed undeservedly.
Bought in at $28 just before we lost St James, I sold out at a mega loss this morning. Ive thrown whats left into topping up and averaging down on my PNI holdings. Fingers crossed this strategy works better than my MFG one did.
MFG Price at posting:
$13.12 Sentiment: None Disclosure: Not Held
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