MFF has been a clear standout performer within the sector (especially if you consider only the International cohort) over investment periods of 5+ years:
https://www.firstlinks.com.au/uploads/202011/LIC-Weekly-Report-Indicative-NTA-13-Nov-20.pdf
No doubt the performance through 2020 has been disappointing, but the defensive positioning / high cash allocations earlier in the year were clearly communicated, so not it's not been surprising. I am optimistic it will regain its long-term form.
My preferred avenue for gaining exposure to Magellan remains via FGG, which is not hampered by options overhang, but I was comfortable adding MFF as a defensive position. It has duly returned +3% for me vs ~30% across four other LICs (FGG, FGX, MIR, PMC) bought into this FY.
MFF has been a clear standout performer within the sector...
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Last
$4.21 |
Change
-0.030(0.71%) |
Mkt cap ! $2.452B | |||
| Open | High | Low | Value | Volume |
| $4.24 | $4.29 | $4.18 | $1.103M | 261.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4874 | $4.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.23 | 72 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| MFF (ASX) Chart |