Great results for the six months FUM up by 14B, when value and cyclical was supposed to outshine growth. Looking out for next few years you can’t go past MFG portfolio to outshine. Already economists are talking about a slowdown, treasury rates are dropping. Once all the stimulus comes out of economy over next 3 year’s where is the growth coming from? Only companies which has a good chance of out performing the rest is MFG portfolio with huge balance sheets.
MFG Price at posting:
$53.98 Sentiment: Buy Disclosure: Held
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