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Montgomery Update

 

Montgomery Update

David Buckland discusses the progress of Montgomery’s global products. He compares the performance of several competitors over a 15 month period. To learn more about Montgomery’s global offer, please visit: http://www.montinvest.com/globalfunds

Chief Executive Officer of Montgomery Investment Management, David has 30 years of industry experience. David is a deeply knowledgeable and highly experienced financial services executive. Prior to joining Montgomery in 2012, David was CEO and Executive Director of Hunter Hall for 11 years, as well as a Director at JP Morgan in Sydney and London for eight years.

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#Global

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564) and may contain general financial advice that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking advice from a financial advisor if necessary.

6 Comments

  1. Hello David, again I am at a Loss to properly comprehend the upbeat overview that seems to tell me that MGAF is making a 7% profit, when it appears to be an 8.73% loss.

    I am equally perplexed by the trashing of ETFs.
    In all other respects you seem happy to stand on Buffet’s shoulders, why the diversion here?
    Doesn’t this make you the very barber we shouldn’t be asking advice from? As in who benefits most here? I am losing money where MIM deviated from the basic value investing principals. I am looking to be convinced that all is well, or rather, the best we can reasonably expect, and I’m just not seeing it yet. And any reference to Daniel Wu’s thinking, as a means of reassurance is just ton doing it for me.

    Regards

    Alan

    • Hi Alan,
      Please let me repeat the comment below.
      “While I have reviewed Montgomery’s Global offerings since their launch on
      1 July 2015 over the fifteen months to 30 September 2016, to avoid
      confusion the Montaka Global Fund (wholesale offering with an Information
      Memorandum) turned $1.00 into $1.1467 over the four months to 31 October
      2015 and then turned that $1.1467 into $1.0696 (-6.7 per cent, inclusive
      of distributions) over the eleven months to 30 September 2016.
      The Montaka Global Access Fund (Product Disclosure Statement with a
      minimum initial investment of $50,000 and feeds directly into the Montaka
      Global Fund) was launched on 1 November 2015 and has turned $1.00 into
      $0.9330 (-6.7 per cent, inclusive of distributions) over the eleven months
      to 30 September 2016″.

      While I was not the author of the ETF article, the point is simply that
      very high market capitalisation companies such as Exxon may have a lousy
      track record, and hence it seems illogical to include these as part of
      your portfolio.

      Thank you.

  2. I am not sure of the message here. Is the message that things could have been worse? Why present 4 unidentified comparisons; why not just present the facts relative to all competitors?

  3. Thanks for the comment David. It goes some way to redress the impression of gilding the lily (especially with respect to the MGAF) from the video. While I would naturally prefer a stronger result for the MGAF in which I own units, I appreciate your team’s expertise and efforts on my behalf and remain convinced about the fund’s strategy to produce good long term returns for me.
    Regards,
    Avito

  4. While I have reviewed Montgomery’s Global offerings since their launch on 1 July 2015 over the fifteen months to 30 September 2016, to avoid confusion the Montaka Global Fund (wholesale offering with an Information Memorandum) turned $1.00 into $1.1467 over the four months to 31 October 2015 and then turned that $1.1467 into $1.0696 (-6.7 per cent, inclusive of distributions) over the eleven months to 30 September 2016.

    The Montaka Global Access Fund (Product Disclosure Statement with a minimum initial investment of $50,000 and feeds directly into the Montaka Global Fund) was launched on 1 November 2015 and has turned $1.00 into $0.9330 (-6.7 per cent, inclusive of distributions) over the eleven months to 30 September 2016.

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