Originally Posted by
Rawz
5 years is enough mate. KFL barely outperforms the index. Dont think they deserve the fees tbh. Maybe its just too hard for them dealing with the NZX, like not enough stocks for them to use their skills so they just hug the big growth stocks that make up most of the index.
Compare to BRM and fisher funds guru team get a NAV return of 11.1% over 5 years. so you get the 8% dividend and the capital grows, 3.1%. Much better and actually probably ahead of long run inflation.
MLN is a joke. They just buy the big name tech companies, META, Google, Amazon, Netflix, Microsoft. Come on why cant they find a MFT out there. When i look at their holdings i recognize most of the names. They again just buying the index. NAV return is 7.5% over the last 5 years so if you take the 8% dividend your capital is losing money!!