Flows seem to be continuing.
Their stock picks are still performing line or better than the market.
USD is killing them.
If we get a mean reversion event, MFG will have increased FUM, an investment Bank and some private equity deals.
If you are an astute investor, now is the absolute best time to be buying stock. IMO this is an absolute gift from a bluechip company, paying a solid franked div on the wrong side of currency.
Long way away from the outflows of PTM.
Ann: Funds Under Management and Performance Fees - December 2020, page-21
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