Did you know you can own all those companies you just mentioned in the Betashares ETF Fund NDQ for 51 basis points per annum vs. the 140-150 basis points that Magellan are going to charge you for the privilege? Plus you get exposure to the entire Nasdaq 100 Index with regular rebalancing thrown in.
If "downside protection" really exists, then I'd like to see it defined in quantitative financial terms, not just thrown around as an arbitrary concept by Hamish. Market factors such as market size, momentum and the outperformance of small cap value vs large cap companies etc. have been pretty much accepted as being legitimate theories to explain market movements, even though some of these factors are not always consistently represented in some of the more recent market data since the tech crash in the early 2000's (small cap value anyone?).
But the only people I've ever heard of who spruik downside protection as some kind of statistically significant factor that somehow preserves alpha are the Fund managers themselves.
MFG Price at posting:
$35.32 Sentiment: None Disclosure: Not Held
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