Hi mate, i must admit i'm probably where you are on making a call on which one is the best price to look at.you're right - they really just hold onto stocks, so there is a big difference on pre tax and post tax NTA. Seems the market has made the call that somewhere in the middle is the best way to do it - probably right.
Everyone teases magellan - for being a large, expensive ETF. I don't hold that view at all, they hold 25 stocks and actually their performance fee is only 10% which is lower compared to most of the other funds. Hamish is the smartest guy in global equities in Australia. I actually don't think you can go really wrong holding MFF. I hold it though within FGG.
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