I've been thinking about magellan and I'm curious to see it's coming FUM. I'm becoming less convinced it can continue to increase its FUM at the same percentage rates as previously when its share price was rocketing.
I'm going to continue to hold until Q1 when they announce their retirement product and hopefully grow their FUM again and get that bump in SP, but looking around the tech space, I see more opportunities elsewhere for more rapid growth especially considering the AUD right now. Some Nasdaq stocks are very attractive as they become cheaper via FX
they seem to be stuck in a $55-$65 range right now and struggling to get out.
Ann: Funds Under Management - November 2020, page-21
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