as soon as MFG proofs no reduction in FUM due to withdrawal, market will reassess. As the MFG relative performance to the general market is lower at the moment the fear factor has creeped in. The portfolio of the stocks are doing very well in US$ terms. Just look at Google,tencent,alibaba, Microsoft since beginning of this month. Even the others are doing pretty well. It is the A$ impact that has been main cause and the rest of market did better than MFG portfolio for last 3 months. On the long run I will take the MFG portfolio any day.money moved into value stock over last 3 months.
MFG Price at posting:
$45.69 Sentiment: Buy Disclosure: Held
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