Mate u need see it with reference to a bench mark ie NZX50 ...which since 2004 has CAGR of ?? They said recently that they outperformed index over 20 years period ...surely u dont expect a FUND which is inherently much safer then single stocks to outperform single stock's CAGR ...MFT has 20% plus and they had it as top 5 all this while ...
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