Yep agree rabbit. Whilst it feels like its getting out of hand if FUM growth continuesas it has MFG is not over valued.
If someone could tell me if there is a better investment than US stocks at the moment..... Yield curve steepening, dollar rallying, bonds getting buried, emerging markets very last decade, cash negative carry.....
As long as things stay the same MFG will only continue to grow.
It's catching PTM rapidly. Both insto funds and retail.
1.6bn market cap to go til they are equal.
PTM +200m funds in June
MFG +1.75bn funds in June.
Do the forward multiples......
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B | |||
| Open | High | Low | Value | Volume |
| $8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1950 | $8.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.59 | 5048 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |