So we are just trading this for currency exposure now?
I think NDQ an IXJ as tech and health global exposure at 0.4% would outperform over 5 year period than this high cost fund.
Yes he has built a successful business, mostly on the currency drop from 1.10 to 75c in AUD/USD and the demise of Kerr Neilson who kept betting contrarian and kept losing.
Very hard to beat the index over time with such a high cost structure. These Magellan fellas hardly even make bets these days, all mega cap, no brainers.
Except thier folly into Woolworths that was somehow on their radar as a global opportunity. Hamish had a full head of hair until he went high conviction on this stock.
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