That argument stands up ok when you’re talking about a ‘balanced ETF’ versus, say, a direct investment in the Magellan Global Fund (MGF)
But here we’re talking about MFG - the controlling company which has a range of other irons in the fire other than just being a fund manager.
MFG has in my view been beaten down below fair value so if I think the MFG sp will grind back to be $50 by 2023 why wouldn’t I prefer it to a ‘balanced ETF’ ? (I mean I’d stand to make a 43% capital gain plus 5% to 6% dividends along the way)
Ann: Funds Under Management - October 2021, page-110
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$9.95 |
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Mkt cap ! $1.779B | |||
| Open | High | Low | Value | Volume |
| $10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2494 | $9.95 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 45242 | 13 |
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