These are simple mathematical calculations using FX rate at the month end on FUM at month end. You seems to be getting tied in knots on these small stuff. By rounding off the billions you can see few decimal differences. More important to take holistic view of strategy. Are they investing in stable country, what is the economy like, do they FX problems, strong enough to recover from current stimulus the world has to pay back one day, political system, etc. You also need to know the companies invested in. Have they got a global reach like MFG portfolio, strong BS etc. When you consider all those parameters you just can’t go past MFG portfolio. Remember Covid happens only once in hundred years, but all other things I have mentioned above happens every 5 to 10 years in a small or big way. Recession, debt problems, budgetary issues are very common.
The other point that table you have prepared does not show mergers and acquisitions, fund raising etc which will distort the performance indicators. I know GQG had some 18B inflow this year from one of those activities. This will distort performance if you just take the month end numbers for performance calculations.
MFG Price at posting:
$33.98 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)