MFG 0.52% $9.59 magellan financial group limited

https://www.magellangroup.com.au/funds/magellan-global-fund-open-...

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    https://www.magellangroup.com.au/funds/magellan-global-fund-open-class-asx-mgoc/

    Negative 2 performance against the index last 3 months, post-Hamish zero improvement.

    With neg 2 underperformance and fees over 100bp, why would you assume that this is a value play? The reason its underpriced is because performance and company turmoil still is likely to cause further outflows.

    Its cheap, cheap for a reason.


 
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