redemptions difficult to do in July. theres always been a lag to outflows. watch it accelerate back to (-$2bn) outflow next month.
FX finally worked against you and appears to have more than offset any investment gains:
Opening Jun23 FUM $39.7
Net client outflows -$0.4bn
Subtotal = $39.3bn-
Less: July FUM 39.2bn
FX+Investment =(-$0.1bn)
pathetic returns, couldnt even cover the FX loss!!! this will naturally cause more fum to exit.
waiting for the financials - should be an interesting read (red ink)!!! lets see how they dress it up because there is zero sugar coating this...!
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- Ann: Funds Under Management - July 2023
MFG
magellan financial group limited
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$8.49

Ann: Funds Under Management - July 2023, page-7
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Last
$8.49 |
Change
0.050(0.59%) |
Mkt cap ! $1.461B |
Open | High | Low | Value | Volume |
$8.38 | $8.53 | $8.35 | $3.847M | 454.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2137 | $8.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.50 | 6847 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2137 | 8.430 |
1 | 2137 | 8.420 |
1 | 2137 | 8.410 |
1 | 2137 | 8.390 |
2 | 911 | 8.380 |
Price($) | Vol. | No. |
---|---|---|
8.500 | 6847 | 4 |
8.510 | 2137 | 1 |
8.520 | 2137 | 1 |
8.530 | 2899 | 2 |
8.540 | 2137 | 1 |
Last trade - 16.15pm 26/06/2025 (20 minute delay) ? |
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