MFG is Magellan Financial Group...if you look at their website, you would think that they are the second coming based off of some of quotes they flash on the screen. Fund has not been around long but perfornace is solid and it is a more focused fund (which interests me)....heavily tilted to the US despite being a global fund, and expenses have been waived down to .80%. FMGEX is availabe at Fido for $2,500 but with transaction fee for IRAs. I am looking for a good global growth fund....although it might not be as necessary since I also have ARTGX and I am beginning to see that as more of a GAARP fund....Thoughts?
Frontegra has also partnered with MFG for the Frontegra MFG Infrastructure fund FMGIX...
Comments
http://www.magellangroup.com.au/magellan-funds/magellan-global-fund/investment-philosophy/
And the MFG fund has had pretty decent returns since inception:
http://www.magellangroup.com.au/magellan-funds/magellan-global-fund/unit-prices-peformance/
Right now I have an adequate number of global funds, but I will place FMGEX on my watch list.
Kevin