Ann: Funds Under Management - December 2021, page-10

Downdraft continues. Still all these bad numbers are reaction last year’s performance to the global and local indexes.
The increased in interest rates are starting to impact the global markets. Reposition is just starting and hopefully it will start showing up the MFG performance against indexes.
Definitely a long slog from here. I assume retail investors will turn around quickly as the performance indicators start to turn around.
US market was very choppy last night too and it is the beginning in this long process of bringing the financial markets to normality.