Since end of Covid period, day by day MFG funds are outperforming the indexes quite easily. Total funds of 114B and dividends return is running around 19% since March 21. Even MGOC for the 8 months I think is in front of the indexes. If you back 10mths from Jan21 to to date , MFG funds are in front except against S&P 500 by 2%. MGOC is still behind for this period, but catching up.
My question is if the performance against the indexes was the criteria for retail funds to leave during last 2 quarters, should they think about coming back to MFG fold now that they are loosing to the managed fund. In this scenario performance fee will not be an issue people will discussing as it is paid only on out performance.
MFG Price at posting:
$34.48 Sentiment: Buy Disclosure: Held
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