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Future Generation Global Ltd ASX:FGG

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

3 Sep 2025 to today

Commentary 1 comments

DateManagerActionSummary

3 Sep 2025Wilson Asset ManagementHeldWilson Asset Management notes that Future Generation Global Ltd has accumulated a 19.6% stake in Morphic, disclosed via a change of substantial holder notice, at a share price discount of approximately 13%. The fund highlights that due to Geoff Wilson's association with both Future Generation and WAM, the entities are considered associates under the Corporations Act, meaning their combined holding cannot exceed 19.9% without triggering takeover provisions. Wilson Asset Management continues to hold the position but is effectively capped from further accumulation, with the association constraint acting as a structural ceiling on their ability to increase exposure.

Monthly Report, price recorded $1.56

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on FGG.

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About Future Generation Global Ltd

Industrials, Capital Markets

Future Generation Global (ASX:FGG), a listed investment company that supports charities, has been accumulating a stake in another discounted listed fund. In September 2025, Wilson Asset Management noted Future Generation Global announced a change in substantial holding, taking its stake in Morphic Ethical Equities Fund to 19.6%, explaining it had been accumulating shares trading at a discount. Future Generation Global operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Wilson Asset Management. Founded in 2015 by Geoff Wilson and headquartered in Sydney, Future Generation Global invests in a portfolio of global equity funds managed by leading fund managers who waive management and performance fees, with the company donating a percentage of its assets each year to youth mental health charities, providing investors with diversified global equity exposure and social impact.

Market cap: $647m
Price to earnings: 23.0x
Return on equity: 4.7%
Dividend yield: 4.8%
Price to book: 1.09x
Net margin: 60.6%
52-week range: $1.48 to $1.81

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Future Generation Global Ltd (ASX:FGG)?

Fund managers including Wilson Asset Management have invested in Future Generation Global Ltd (ASX:FGG).

What opportunities or catalysts do fund managers highlight for Future Generation Global Ltd?

Wilson highlights Future Generation Global's accumulation of a 19.6% stake in Morphic Ethical Equities Fund at a discount, which could create value if the discount narrows or corporate action follows.

What are the key risks to the Future Generation Global Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though FGG's returns depend on its underlying global managers and its own discount to net tangible assets.

What does Future Generation Global Ltd (ASX:FGG) do?

Future Generation Global Ltd. is an Australian closed-end investment trust founded in 2015 by Geoffrey James Wilson. Headquartered in Sydney, the company operates as a listed investment fund. Caroline Gurney currently serves as Chief Executive Officer. The firm focuses on professional investment management, providing shareholders with access to a diversified global equity portfolio.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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