MFG 0.45% $11.05 magellan financial group limited

News: MFG Australian shares up as financials staunch losses; NZ down, page-3

  1. 737 Posts.
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    Although I think MFG is a great company, the markets reaction to today's news surprised me. Given both management execs are staying involved in high-level roles the news seems neutral to me, not warranting a big jump in SP. FUM update was fairly average as well. No new figures, I guess the market just liked seeing the financials again .
 
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