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.
MFG Price at posting:
$21.21 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)