Ann: Change in substantial holding, page-229

Hi @Bazsa,

yes, I wrote about M&G on another platform. ET didn’t like the criticism of instos generally. OK, perhaps, as a sentiment, but not so as to ignore the facts with M&G.

On what I’ve read in their Annual Assessment Reviews for the so-called (by them) ‘M&G Recovery Fund’, I believe they betrayed MSB, big time & cut MSB holdings from their fund for fund management reasons despite MSB being the shining light of that fund in terms of fees etc. Credit to Itescu that he didn’t call them what I’m thinking their actions show that in hindsight they unquestionably were.

So, I’ve no confidence in instos to ‘save’ us from our enemies. But I like big, informed family investors. Cue Dr G. Well done Silviu.

Cheers