You make very good points @xFireStorMx,
Important to remember most advisers use a variety of managers, often an allocation to higher growth (think Hyperion, WCM ect.) and an allocation to more defensive (Magellan, Fundsmith), if magellan underperformed in a very strong market rally it isn't a major concern as other managers with higher beta portfolios will outperform. However, if magellan underperformed in a bear market it would be a concern, magellan has outperformed in every market decline to date and broadly achieved its stated objectives. The fact that they haven't lost a single mandate in this period of underperformance exemplifies this.
You make very good points @xFireStorMx, Important to remember...
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Last
$8.44 |
Change
-0.060(0.71%) |
Mkt cap ! $1.454B | |||
| Open | High | Low | Value | Volume |
| $8.54 | $8.54 | $8.39 | $5.037M | 595.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.45 | 4641 | 2 |
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| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |