Bought this company at $17 and plan on holding until I decide the fund performance has become lacklustre in the mid term. Unfortunately in the short term they have been extremely unlucky on a few investments that in the long term I think are very solid, but I suspect the Aussie dollar depreciation and a comeback in the tech stocks they are mainly exposed to will drive this back to $27ish by the years end.
Very comfortable dividend stock on a very comfortable valuation, making up 20% of my portfolio. Biggest short term risk are inflows, which recently have been very strong, all things considered.
MFG Price at posting:
$22.57 Sentiment: Buy Disclosure: Held
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