FUMAA down roughly 14% since the HY result (7.05bn vs 8.2bn)Even...

FUMAA down roughly 14% since the HY result (7.05bn vs 8.2bn)

Even if there's a 2% gain from shifting funds across to the software platform and under management, it's outperformed relative to the Australian index. No idea what a realistic percentage of FUM would be to move across in 4 months.

As for cheap FUA - they purchased MYS for 1.6% of FUA. This transaction was priced at 0.78%.
Obviously the customer base and profitability matter, so it's not that simple. But all else being equal this transaction is half price.

I wonder if any of those AMP financial planners are still selling up...