This is just becoming unbearable to watch.
I mean I'm a mega bear on Magellan but I really feel for the long holders.
I wish I could say there is an end in sight but the outflow backdrop continues to worsen. Advisers/insto/SMSFs/retail are all asking the same question: "Why should I pay Magellan 1.35% for underperformance when BlackRock charges 4 bps for better returns?"
The outperformance margin of their infrastructure fund (MICH) is sitting on a razor's edge as well, so if that tips over then you're going to see another big drop in these FUM numbers.
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Last
$10.82 |
Change
-0.010(0.09%) |
Mkt cap ! $1.860B | |||
| Open | High | Low | Value | Volume |
| $10.76 | $10.84 | $10.68 | $2.506M | 232.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1672 | $10.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.85 | 829 | 4 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| MFG (ASX) Chart |