Ann: Funds Under Management - December 2021, page-82

I am not looking back like what you are doing, current bad performance is reaction to the last 12 months underperformance. Once you remove that fact market perception will change. When was last time MFG beat the market indexes. It happened in December. Even in January 22 it is running toe to toe at the moment. Few more hawkish comments from Fed Reserve will make market more nervous. That hugh inflow of liquidity is gone for good. It is the beginning of the liquidity being removed over next ten years in a very slow and gradual way. It will be stop pickers turn again.