My broker says St James has also exited a mandate from black rock. The thinking is that St James wants to do the research in-house and not outsource the investing to other managers. They are large enough to do this. This structural shift is so far limited to St James.
One way to look at it is that fund managers might be forced to lower their fees, increase buybacks etc. I still think this is overdone and have been taking bites at $21 - 23. Looking for $17-18 to fill my tummy full with life long MFG 15%+ yield.
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Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.43 | 22131 | 1 |
View Market Depth
| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |