I think you are missing the point of the product. This is aimed at delivering a regular inflation adjusted income stream. So yes investors "lose" part of the capital gains the fund makes but in exchange they receive a regular income stream partly funded by the support trust.
this is all about turning retirement savings into a paycheck not leaving it as an inheritance (which lets face it virtually every other equity investment is better at doing).
I don't know whether it will be a success but Australia has seen strong growth in annuities, the MFG product could be a good compliment to an annuity.
I think you are missing the point of the product. This is aimed...
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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 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |