from AFR June 2020 (ASX was c15% lower than currently and NASDAQ c50% lower)
“Magellan Financial Group’s co-founder, Chris Mackay has quietly turned extremely bearish on equities, switching almost half the holdings in his $1.6 billion global equities fund to cash.”
“Mr Mackay defended the 46 per cent cash weighting by using his latest market update to reference academic research that suggested the market was too optimistic over the likelihood of a COVID-19 vaccine.”
"Business owners, political leaders and the general public appear to be more optimistic, around the world, as are recipients of fiscal payments travelling hundreds of miles to queue for hours for gaming venues reopening," Mackay wrote in his market update.
- Forums
- ASX - By Stock
- Stokes, Grounds liken returning co-founder Chris Mackay to Warren Buffett.” AFR
from AFR June 2020 (ASX was c15% lower than currently and NASDAQ...
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B |
Open | High | Low | Value | Volume |
$10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2494 | $9.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.00 | 45242 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 9.890 |
1 | 1400 | 9.720 |
1 | 750 | 9.700 |
1 | 105 | 9.600 |
2 | 309 | 9.550 |
Price($) | Vol. | No. |
---|---|---|
10.000 | 500 | 1 |
10.080 | 481 | 1 |
10.100 | 4700 | 1 |
10.150 | 4677 | 3 |
10.180 | 3500 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |