I have followed this on and over a number of years, recognising the low MCap on MLM compared with its investments.
This is no annomally, and does not in the long term give a direct mirror of its investments.
Warning, do not buy simply because the investments outweigh the MC, as in the past,it would have resulted in either down or sideways for the last 3 years. Lost opportunity whislst the breadth of the market has been uptrending.
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