20% discount now the standard

This fund has traded consistently at a 20% discount for a while now.

Whilst this may seem like a buying opportunity to some, it's a nightmare for those wanting to get out.

How is it, the smaller discount attached to the high conviction fund was unacceptable, so they converted to an ETMF, yet this is perfectly fine?

The inconsistency at Magellan is a concern.

Given the mass exodus of FUM at Magellan, there is next to no chance of this converting - given more retail investors would bail.

Such a sad state of affairs.

Than on top of that, we have Hamish hanging around like the messiah still - a hired consultant.

The shareholder base is seemingly apathetic to a 20% discount.

20% - that's an outrageous deviation from the NTA.

Cue the "it's an excellent buying opportunity brigade".