Hi @LFM
Why do you think people keep their money in Magellan when they can earn three times as much across a similar strategy at Platinum? Also PNI boutique funds offer similar return.
I get FuturePay and ETMF’s can receive money more efficiently, but it doesn’t make sense to me on a return basis. I want to maximise my returns and will change when a fund underperforms. Why is it so sticky? I would have thought digital platforms would make it easier to put in money, but also easier to take money out.
Best of Luck
Lost
Ann: Analyst Briefing - June 2021 Yearly Results, page-8
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