interesting opportunity, page-2

the gap is being narrowed through the share buy back program, now at around 20% excluding tax loss benefits.

I'm slowly taking a position in this listed fund on down days or when the gap becomes greater than 20%.

Look at MFF's portfolio: basically an 'international leaders' fund. Ive had to wait for the AU$ to appreciate before i moved, but with the AU$ at around 80c, im happy to start positioning.

If the world enters a sustained period of low growth, these types of stocks should do reasonably well as they are all brand leaders in their categories, they occupy the number one or number two position in the market, they pay reasonable dividends, and most important of all because of the overall market weakness they are not excessively priced (unlike most times in a market cycle).

This stock is useless for traders, but for fundamentalists looking to acquire some international exposure whilst the AU$ is priced above its long term level (ie 75c) i think its worthwile.