Bad news always win, at least for short period of time. People need to forget the 6 months to Feb/Mar 2021. If you concentrate on what happened since then together with next few years MFG portfolio is best suited to come out well. At this stage of the month FUM will be 116B+as at end of July 21. Market has pivoted back growth stocks and A$ down and as a result sentiment is positive for MFG. With these changes inflow will become positive, as has happen in the month of June for retail. Current FCST for 2022 of $2.70 EPS is already looking to low. If there is no upheaval in the world market for what ever reason like inflation, new Covid variant, MFG is bound to go higher.
MFG Price at posting:
$53.95 Sentiment: Buy Disclosure: Held
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