Hi All
Should have waited for overnight markets, here is the updated table:
During the month, GQG's portfolio has continued to improve, where MFG's has fallen backward slightly (FB dialed the portfolio performance back significantly last night). The performance gap after fees now is:
MFG = 4.39%
GQG = 7.3%
This is almost a 3% performance gap during the month.
Note: This is experimental at this stage, but is an early indication of Magellan's underperformance for the month versus one of GQG's fund. This is a continuation of a trend that has existed between the two fund managers over the last three years.
Best of Luck
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