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
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$9.47 |
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0.030(0.32%) |
Mkt cap ! $1.720B |
Open | High | Low | Value | Volume |
$9.55 | $9.60 | $9.47 | $1.840M | 192.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 738 | $9.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.48 | 3319 | 16 |
View Market Depth
No. | Vol. | Price($) |
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9 | 258 | 9.480 |
11 | 2421 | 9.470 |
13 | 3436 | 9.460 |
7 | 8860 | 9.450 |
6 | 1493 | 9.440 |
Price($) | Vol. | No. |
---|---|---|
9.490 | 792 | 18 |
9.500 | 1468 | 9 |
9.510 | 5498 | 10 |
9.520 | 10596 | 8 |
9.530 | 1766 | 7 |
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