MFG 1.23% $9.88 magellan financial group limited

Ann: Funds Under Management - September 2022, page-131

  1. 3,702 Posts.
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    back of the envelope (post pdl's & ppt's qtrly fum releases today):

    https://hotcopper.com.au/data/attachments/4764/4764041-2284b2a2779d71e274e5acc9212eaaed.jpg


    MFG HAS LOST A REAL -23% IN THE QTR (NET OF FX), 12% BEING CLIENT FLOWS!!!. It has lost 7bn in MKT movement on almost HALF the FUM of the PPT & PDL!!!

    SCARY.....confused.png

    Looks like PPT performed the best, FUM barely moving in the whole quarter!!!

    MFG lost approx $14.4bn net of FX....thats MORE THAN THE COMBINED PPT & PDL LOSS ON TWICE THE FUM EACH!!!

    now....lets look at mkt caps:
    https://hotcopper.com.au/data/attachments/4764/4764014-ded3ca87c52a5a60188c17942bfe0631.jpg

    MFG worth 1.5 times PPT.....eek.pngeek.png

    as pauline would say - please explain!!!!

    $8 PT still!!
    Last edited by mickeebee: 19/10/22
 
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