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 Buckland has over 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.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only 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 independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
alan ferguson
:
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
David Buckland
:
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.
Pia
:
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?
Roger Montgomery
:
Because it benefits nobody to name names underlying the Morningstar data. It is reasonable for you to assume they are very large(st) global managers based here in Oz.
Avito
:
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
David Buckland
:
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.