The share price is back to 2018 level when MFG had around 60bn FUM. It will be an interesting month ahead to February half year results and dividend announcement. MFG has had good inflow of fund the last couple of years from AMP, IOOF and bank's advised funds. The exit may keep going in the next few months as experienced seen with AMP and IOOF but I think it's not as severe and for a completely different reason. MFG simply underperform benchmark but still deliver on its own benchmark. Once interest rate starts rising, investors will dump risk assets and the conservative funds will shine again. GLA.
Ann: Funds Under Management - December 2021, page-39
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Last
$8.46 |
Change
0.040(0.48%) |
Mkt cap ! $1.529B | |||
| Open | High | Low | Value | Volume |
| $8.42 | $8.49 | $8.41 | $1.222M | 144.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1093 | $8.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.46 | 663 | 11 |
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| Last trade - 14.02pm 01/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |