Top member reports
Consensus community valuation
$1.205
Average Intrinsic Value
14.5%
Undervalued by
Active Member Straws
#Bull Case
Added 6 months ago

I wrote a fair few notes on the global fund (FGG), and similar dynamics here. Share price is lower in 2020 but NTA likely to be higher.

Discount won't be as large as FGG but I think that will always be the case. FGX better dividend adds to support, as does the perception the Australian market is easier to capture alpha than in global.

We are still talking about better than a 10% discount here for a fund that has outperformed in terms of its NTA. Yields over 4% but despite there being plenty of hunt for yield in this market many are ignoring FGX. Intersting that something like AFI now trades at a premium to NTA and a lower yield.

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#Fund Manager/Analyst Views
Added 3 months ago

22-May-2020:  https://www.livewiremarkets.com/wires/a-complete-guide-to-lic-investing

I could have posted that link in a straw for any of the many LICs on the ASX, but FGX look pretty good right now.  Daryl Wilson from Affluence Funds Management includes FGX in this livewiremarkets "wire" in a table showing relative discounts and premiums to NTA/NAV between various funds.  FGX looks cheap.  Their performance hasn't shot the lights out by any means, but the idea behind FGX (a fund of boutique fund managers, with all services provided for free, and benefits flowing to charities that support children, particularly disadvantaged children and children at risk) is solid.

Disclosure:  I hold FGX for my children (for ASX exposure) along with some MGG and MHH for global exposure.

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#FG Virtual Investment Forum
Added 3 months ago

25-May-2020:  https://futuregeninvest.com.au/virtualforum/

With current crowd restrictions in place, and investing roadshows cancelled, FG (who run the FGX & FGG funds) have created a "Virtual Forum".  Everything but the free food and drinks.

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#Results
Added 5 months ago
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