Agreed - "high conviction" isn't a marketing term. It literally indicates the number of holding in a fund. Usually 20 - 30. Although in Magellan's case, its more like 12 positions. I'd still call the Global Fund (20 - 40 positions, but usually on the lower side) concentrated, or 'high conviction'.
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Agreed - "high conviction" isn't a marketing term. It literally...
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