Ann: Funds Under Management - November 2021, page-34

Thanks. MFG management organisations has few individual funds they are managing as you have said. MGOC is one of the large retail which is listed with mkt value about 14.3B. There are few small ones too in the ASX. These add up to about 18B. This will be part of the 117B. If you take infrastructure 20b, Australian fund Airle 10B, MFG is still has A$ 117-20-10-18 worth of funds left which around the world and not listed. MFG earns management fee from entire 117B. Individual fund movements will be at different pace depending on portfolio.
In FY 21 you are talking about no doubt MFG total funds performed badly compared to the market. This is Covid time. However from Jan 21 onwards Total funds has increased by 17B from 100B, despite 3B outflows. So during Jan to Nov 21 MFG total fund performance has been better than market indexes.That is the point I am making.