Absolutely Agree, I have been happily averaging down on MFG as it has a lot of individual bull points.
Like you mentioned its top three investments (~20% of fund) have done really well over the last month.
-Tencent up approximately 28% for the month
-Alibaba up approximately 15% for the month
-Microsoft up approximately 12% for the month
They had healthy inflows for December, hampered by the AUD/USD exchange rate, once this starts to swing MFG benefits greatly being unhedged.
With the 1:4 offer for new MGF units they may have their FUM increased 25% in just over a month, increasing further with take up of the options offered.
I personally like their direct investments in GYG and Barren joey and I believe it will be synergistic for Barenjoey and a good use of their knowledge with the YUM! brands to apply to GYG.
Overall good history and management, but am scratching my head why it is struggling to go anywhere.
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