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$1.19 monash absolute investment company limited

Sharesight tells me MAAT has delivered -3.12% annualised since...

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hobbes29

105 Posts.

48

27/02/23

14:03

Post #: 66487153
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Originally posted by hobbes29: ↑

cutty - Unlike everyone else I've actually done the final TER (not theoretical!) for MA1 for each year it has been in operation. It's over 3% without performance fees and typically over 5% when they do apply. This is before tax effects add further drag (even if most is eventually returned as franking credits.)

Monash is not exceptionally bad in fee policy, it's pretty typical. Virtually all true active funds have shockingly-high TERs compared to their disclosed Management Fees. But the sub-scale funds have a huge problem with their costs being applied over a small base. Monash is a sub-scale fund and it is setting itself up for massive underperformance.

I'm so confident that I'll be proven right about MAAT's underperformance given this huge handicap, I'm happy for you to remind me of this prediction each year after they publish their annual report. I'll calculate the TER for you and it will be the only explanation that's needed.

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Sharesight tells me MAAT has delivered -3.12% annualised since June 2021 when it launched.

It now has a market cap of just $20million! Who would like to estimate the TER handicap now? Haha

Time to put this dog down, which you can do by simply redeeming your units.

MA1 Price at posting: $1.19 Sentiment: Sell Disclosure: Not Held
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