MFG magellan financial group limited

Ann: Funds Under Management and Performance Fee Update - Dec 2023, page-2

  1. 4,310 Posts.
    lightbulb Created with Sketch. 1217
    the key & relevant bits:
    https://hotcopper.com.au/data/attachments/5863/5863348-8ee2be2fc68f332014ed17ea78dad050.jpg

    1. retail (highest margin) still exiting at a consistent rate
    2. perf fees immaterial - an active manager that cant even outperform their index across ALL mandates...rolleyes.png
    3. Avg FUM has fallen a further -32%!!!! Where will NPAT land for H1??

    the BB (ca$h), only saving grace here.
    Last edited by mickeebee: 05/01/24
 
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