Question: We have been given a research paper on Magellan Global Equities Fund (MGE). We already hold Hunter Hall Global (HHV) in our super fund, and have made $7000 on it, so would appreciate your views on the future of both.
Answer (By Paul Rickard): Magellan Global Equities is a new ASX listed version of the Magellan Global Fund.
Magellan has had a great run – they are the form manager when it comes to international equities.
They are an active manager with a pretty unique style.
This new traded fund will be well supported.
Question 2: My Hesta fund is earning YTD15.99% on International shares and last year I had it in Australian shares and earned 16.8%. I have several hundred thousand to put into super and a reputable financial adviser wants me to offload my Hesta into an SMRF with my husband. Hesta returns look too good to offload in my opinion. What do you think?
Answer 2 (By Peter Switzer): I like the idea of consolidating your super – to save on administration and other fees.
As for asset allocation – that is another matter. There should be no reason why you can’t have exposure through your SMSF to international shares.
Sounds like you probably should get a second opinion.
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