MFG magellan financial group limited

Ann: St James's Place Mandate, page-45

  1. 1,188 Posts.
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    It was clear from fund underperformance alone. You don't need to be in management at Macquarie or a financial journalist with connections across the industry to see that after 18 months of close to 20% underperformance against the index there is an extremely high risk of outflows and axing of investment mandates.

    I wish I had acted sooner to simply move out entirely at around $45 where it was already very clear, but its easy to get overly attached or inclined to rationalise an investment.
 
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