Chella you could even go a little further. The losses during COVID they outperformed the market immensely, they only underperformed during the recovery mostly due to the cash holdings I would suspect. I believe the high conviction fund went to around 25% cash. The global 15-20% At the end of the 2019-2020 financial year out of all the funds I have in my super portfolio Hyperion Australian growth and Magellan were well positive by approx 8% and even more for Hyperion compared to all other managed funds in their class.
Hopefully some green today, I continued to buy as the dip continued getting my lowest at $37.81 Now just to wait it out and for people to realise its oversold and hopefully an injection from some of the big fundies to get this back to fair value.
MFG Price at posting:
$39.15 Sentiment: Buy Disclosure: Held
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