I think you might be confusing MFG and MGF. MFG is the company that takes the management fee which is about 1.35%. MGF is the actual retail fund that has the stocks you outline and their returns.
The year return on those stocks in MGF was 7.38%.
Now here is the interesting part. the Net asset value ( NAV) of those shares ie the Microsoft, alphabet, Facebook (meta) etc is $2.055 and what is the share price?
$1.735$1.735/ 2.055 = 84% ie all those wonderful companies are trading at a 16% discount to their actual worth.
what an absolute bargain?!?
Why would anybody in their right mind not want to buy the all these great US and Chinese companies at a discount??
which would you prefer amazon, google, Facebook, Microsoft ... even alibaba at the market price or all these companies at 16% less.
Now let's return to the real issue for MFG - FUM ...
Is it at all likely that retail investors will not invest in MFGs funds when they are trading at such an extreme discount?
I doubt it.
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Last
$11.45 |
Change
0.190(1.69%) |
Mkt cap ! $2.047B |
Open | High | Low | Value | Volume |
$11.32 | $11.50 | $11.28 | $7.057M | 618.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 58 | $11.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.45 | 1610 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 58 | 11.440 |
1 | 2432 | 11.400 |
1 | 2432 | 11.390 |
4 | 9107 | 11.380 |
1 | 2432 | 11.370 |
Price($) | Vol. | No. |
---|---|---|
11.450 | 1610 | 2 |
11.460 | 96 | 1 |
11.470 | 259 | 1 |
11.480 | 2696 | 4 |
11.490 | 3541 | 3 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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