Perfectly explained, better than my butchered attempt haha.
At the end of the day these trapped funds are a good source of income for MFG at 1.35% plus a performance fee.
I don't think the investors are "scammed" either with dilution paid by Magellan and a historically statistically good investment performance.
The funds restructure will naturally have some slight teething problems but long term will be a good thing with a simplified investment structure (less costs) and easier process to apply for the open ended Global Fund via ETF or old application process.
For disclosure I am happy owning both MFG and MGF and glad I topped up at around $47.60
Ann: Magellan Global Fund Partnership Offer Opens, page-9
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Last
$9.44 |
Change
-0.050(0.53%) |
Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
| $9.53 | $9.67 | $9.42 | $3.361M | 352.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1229 | $9.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.45 | 1457 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |