MFG magellan financial group limited

i know mr hamish is a smarter and richer guy than me, but for...

  1. 11,161 Posts.
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    i know mr hamish is a smarter and richer guy than me, but for the love of me, i cant understand when he says he has gone DEFENSIVE in the portfolio, but when i look up MFG holdings, the top 8 are basically all FAANG stocks, lol, how is 20% of ones portfolio in FAANG and tech stocks going defensive? wouldnt going defensive mean buying GOLD stocks, REITS and maybe utility and retail (grocers) stocks, healthcare stocks?

 
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Last
$10.43
Change
-0.040(0.38%)
Mkt cap ! $1.793B
Open High Low Value Volume
$10.39 $10.47 $10.30 $6.392M 615.3K

Buyers (Bids)

No. Vol. Price($)
1 96 $10.40
 

Sellers (Offers)

Price($) Vol. No.
$10.43 22131 1
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Last trade - 16.15pm 25/07/2025 (20 minute delay) ?
MFG (ASX) Chart
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