This so called underperformance of MFG funds to S&P 500 or All ord or Asx200 can be depicted in so many ways depending on starting point and end point. We have written enough about the under performance of MFG from start of Covid period from beginning of 2020 went conservative portfolio management. On long term basis say 10 to 15 years MFG has done better where others have shown various indicators before. So if you look at the indicators to end June 2021 all those bad numbers are being captured showing how under performer MFG was for 12 months. However that period is long finish and we are getting back to more normal period. To make the point if you look at the indicators from end February 2021 to end August 21 MFG has out performed All ord, ASX 200, S&P500 by 3%,6%,1%. So investors are making decisions on latest available numbers, why will they leave MFG. also over last 6 months there is no indication to say it has happen either other than about 300m in out flow in qtr. That is on FUM of 117B, around 0.25%.
MFG Price at posting:
$39.48 Sentiment: Buy Disclosure: Held
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