MGF 0.00% $2.21 magellan global fund.

Arbitrage buying opportunity if you continue to believe in the...

  1. 214 Posts.
    lightbulb Created with Sketch. 13
    Arbitrage buying opportunity if you continue to believe in the long term strategy and underlying holdings. You can also DRP dividends into MGF at a 7.5% discount to NAV. As previous poster said its due to poor short term performance. I also hold MGOC and would only add to MGOC when price of MGF is closer to NAV. Say within a 5% discount. Over multi year periods there may come a time when MGF share price trades at a premium to NAV which could be an opportunity to sell some and divert funds to MGOC. Maybe not in the next 3 years due to the options. But there may be plenty of times to add in the next 3 years at more than a 7.5% discount as impatient investors sell out of MGF and the fund goes through a flatter period of performance.
    Last edited by SnowSigma: 01/06/21
 
watchlist Created with Sketch. Add MGF (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.