That is correct, investors will look at latest performance of the funds when making the current investments. In their mind MFG did not perform as well as the indexes or other small funds. But the portfolio of MFG is defensive and will shine through when the extra boost from everything that was pumped into the economy is gradually reduced. The A$ is also helpful to MFG fund now. You need need strong BS to make things happen when easy money and stimulus are taken away. As the portfolio of MFG are sound the dividend is safe as it can be and now over 6% by any ones FCST earnings except UBS.
MFG Price at posting:
$37.78 Sentiment: Buy Disclosure: Held
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