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$8.76 magellan financial group limited

Value investing by definition should outperform the index over...

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Jean Luc Bergman

1,188 Posts.

92

28/12/21

19:36

Post #: 58538031
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Originally posted by kennethgalbraith: ↑

this is what the MGOC's (a fund run by MFG) looks like
It is not tech heavy and it has a lot of staples and utilities.

the reason it doesn't drop as much as others in a down turn is that it is defensive. In fact if we do have a downturn due to say omicron, MGOC will most likely out perform the index

But this does not concern Hamish because his goal is to get 9% for his customers after fees

Finally if Magellan's funds outperform more people will invest in the funds, this will result in an increase in Funds Under Management and the fund manager (MFG) making more money from management and performance fees. More management and performance fees lead to greater profits and a higher share price for the manager, MFG.
I think everybody knows this and if you do, apologies for being so obvious

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Value investing by definition should outperform the index over the long term. Anything to decry this notion is plainly dishonest.

MFG Price at posting: $21.21 Sentiment: Hold Disclosure: Not Held
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1 Great analysis

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(20min delay)
Last $8.76		Change -0.070(0.79%)		Mkt cap ! $1.583B

Open	High	Low	Value	Volume
$8.89	$8.99	$8.75	$4.609M	521.5K

Buyers (Bids)

No.	Vol.	Price($)
2	2985	$8.76

Sellers (Offers)

Price($)	Vol.	No.
$8.80	3934	3

View Market Depth

No.	Vol.	Price($)
1	2335	8.760
1	1714	8.750
4	2217	8.740
4	7660	8.730
1	1542	8.720

Price($)	Vol.	No.
8.800	3934	3
8.810	1542	1
8.830	1542	1
8.840	1542	1
8.850	500	1

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last $8.76			Change -0.070 ( 0.53 %)
Open	High		Low	Volume
$8.88	$9.00		$8.74	52906
Last updated 15.59pm 08/05/2024 ?

MFG (ASX) Chart

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