He also had PPT for comparison. That is one of worst performing companies for last 20 years in ASX. When MFG commenced SP was 75 to 80 range and now $38.
I can’t believe this guy comparing these fund managers with MFG.
Global interest rates have started to move up and Brazil is thinking about increasing it by 1%, not .25 or .5%.
Guess what there seems to be Central government inventions , loosing independence Central Bank enjoyed for short 10 year or so period . Best luck holding those emerging markets as % in your portfolio.
Just on MFG portfolio, if not for the A$ going up, MFG portfolio would have gone up by A$ 4.5 B this month. However it will be only about A$ 1 B now, excluding inflows and outflows. These figures are only an estimate as MFG have not published the current updated portfolio with % of holdings.
I take this FX hit as a positive as in the future when A$ drops back long term average, there is that 3.5B reserved in the valuation.
MFG in the BUY zone, page-605
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Last
$10.68 |
Change
-0.050(0.47%) |
Mkt cap ! $1.953B | |||
| Open | High | Low | Value | Volume |
| $10.74 | $10.86 | $10.58 | $3.249M | 302.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 498 | $10.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.69 | 378 | 9 |
View Market Depth
| Last trade - 11.35am 19/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |