FUM still holding on to $118 B and average for 5 months is $ 116 B+. Last year’s FUM for 1st HY was $ 101 B. Performance fees is about 10m more . No principal investments loss of $6M incurred LY too. Work your sums and see what you expect the EPS is going to be for 1st HY 2022. Contrary to what critics say MFG FUM performance is back to where it was prior to Covid period. November 21 FUM should be reported in 2 weeks time. As it stands if $118 B is reported against last month’s $114.8, what do you think the investors will do on that day assuming no other issues crop up.? This long period of negativity on MFG should stabilise and start showing positivity running up to half year results. With the interests rate moving up world over it is going to be interesting times.
MFG Price at posting:
$34.38 Sentiment: Buy Disclosure: Held
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