MFG magellan financial group limited

Consolidation in the FUM sector

  1. 14,217 Posts.
    lightbulb Created with Sketch. 123
    due to SOL takeover offer of PPT
    Probably not..
    SOL seems to want to get rid of the funds under management part of the business and just retain the trust and high net wealth management parts for themselves.
    Basically, returning the funds under management to PPT to shareholders saying that the takeover of Pendal was a big mistake.
    But despite that the whole FUM sector seems to have gone up.
    Would be interested to see what others say and whether is the time to get into this part of market, if at all
    Last edited by kennethgalbraith: 07/12/23
 
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$10.91
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0.480(4.60%)
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