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#FG Virtual Investment Forum
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Added 4 years 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.

#Fund Manager/Analyst Views
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Added 4 years 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.

#Results
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Added 4 years ago
#Company Presentations
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Last edited 4 years ago

May 2019 Shareholder Presentation

Both FGX and FGG (together - the FG Funds, or just FG) present after the Wilson Asset Management Group presents in each of Australia's major capital cities during their Australian Roadshows every 6 months, and that link above will take you to the slideshow used in FG's latest roadshow presentation which has just finished (meaning the latest roadshow has just wound up during the past week).

#Bull Case
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Last edited 4 years ago

http://futuregeninvest.com.au/lic/future-generation-investment-company/

http://futuregeninvest.com.au/wp-content/uploads/2019/05/04.-April-2019-NTA.pdf

http://www.livewiremarkets.com/wires/future-generation-investment-forum-may-2019

Founded by Geoff Wilson of the Wilson Asset Management Group (WAMG or The WAM Group - who currently manage 6 LICs themselves), this LIC is a fund of funds which supports children's charities, particularly charities that exist to support children at risk.  All of the fund managers that FGX use provide their services to FGX completely free - so they invest a portion of FGX's FUM in their own investment strategies, but they don't charge any management or performance fees.  The vast majority of FGX's service providers also don't charge any fees to FGX or else they heavily reduce their fees, and all this allows FGX to donate 1% of their FUM to their designated charities every year.

http://futuregeninvest.com.au/wp-content/uploads/2019/01/FGX-factsheet-Nov-2018.pdf

From that factsheet:

Future Generation Investment Company Limited  (ASX: FGX) provides investors with unprecedented access to leading Australian fund managers in a single investment that also supports Australian charities focused on children and youth at risk.

The FGX investment portfolio has been structured to provide a spread between three broad equity strategies: long equities, absolute bias, market neutral and cash.

The Company’s investment objectives are to provide fully franked dividends, to achieve capital growth, and preserve shareholder capital.

 

Together, FGX and FGG have already donated $21 million to their charities and they will donate another $11m in October, so they are significant supporters of these charities, and ordinary retail shareholders can be a part of it by buying shares in one or both of them.  If you use CBA's Commsec as your online broker they even rebate your brokerage fees.  FGX and FGG are also the only companies listed on the ASX that are exempt from paying listing fees to the ASX, as the ASX also support them by waiving those listing fees (which they don't do for anybody else). 

The only corporate supporter of Australian charities that I am aware of that is larger than the Future Generation Group (in terms of their annual charitable donations) is the Paul Ramsay Foundation which was set up under the instruction of the late Paul Ramsay, the founder of Ramsay Health Care (ASX: RHC) to administer the majority of his estate via "supporting charitable causes in Australia with the aim of creating systemic change with significant impact."

 

Disclosure:  I hold FGX shares.  They are one of my larger holdings, and I have held a position in FGX since they IPO'd in September 2014.