Is not good - the outflows continue unabated. Past 5 months, total outflows of $12.3bn comprising $2.5bn in July, $1.3bn Aug, $3.6bn Sept, $2.4bn Oct and now $2.5bn Nov. Total Institutional outflows in that period of $9.9bn and $2.4bn for Retail. Every $ of Retail FUM is equivalent to $4 of Institutional FUM on a revenue basis, So the $2.4bn of Retail outflows since 30th June is equivalent (in a revenue sense) to $9.6bn of Institutional outflows.
MFG cannot sustain a turnaround in share price until these outflows stop. Meanwhile, it remains in a "death by a thousand cuts" scenario.
GLTA & DYOR
Ann: Funds Under Management - November 2022, page-3
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Last
$10.54 |
Change
-0.340(3.13%) |
Mkt cap ! $1.812B | |||
| Open | High | Low | Value | Volume |
| $10.80 | $10.84 | $10.44 | $9.556M | 901.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $10.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.56 | 250 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |