I just couldn't let this go
You keep mentioning long term outperformance failures
Most if not all of magellans products that have been operating "long term" have outperformed their indexes "after fees" even after 1.5 underwhelming years and are well positioned for the next economic cycle not to mention proven downside protection which reduces sequencing risk and funds withdrawals at the wrong time for the investor as well as being well positioned for the new global operating environment and economic cycle
3 examples:
(Mgoc) global fund
3.72% p.a outperformance since inception 1 july 2007
10 year performance has now overtaken the index once again as the portfolio cycles through the last 18 months of underperformance
Unlisted infrastructure
2.33% p.a outperformance since inception 1 July 2007
Core infrastructure
4.34% p.a outperformance since inception 17 december 2009
Even examples of newer products now listed the shorter side of medium term such as airlie australia fund have achieved
4.14% p.a outperformance since inception 1 june 2018
this is all i will say but it goes against alot of the long term underperformance rhetoric in this forum of magellans product offerings.
granted there have been some poor short term decisons in some product offerings the long term investment process works across the business and needs to be trusted as evidenced in the long term outperformance.
(20min delay)