is your best friend uranium69? do u have any idea what you are invested in??? the nature of their business?? just pure fundamentals level...101....basic stuff...?
why is MFG up - low vol. With only ~180m of SOI, not much float out there, tightly held and any news can trigger quick runs +or -5%.....but when u dissect the data provided, no matter how uninformative it is,.....even at high level:
retail went up - even though -$0.2bn walked out the door, fx practically flat, so the heavy lifting was the global equities market performance, which is where the majority of retail funds would be placed.
Insto, that had +$0.2bn funds inflow, dropped -$0.2bn!! again fx ~flat'ish so lets ignore FX impacts, thats a terrible market return of -$0.4bn wiped in Insto market returns! Looks like Insto's are ploughing into Infrastructure equities which went down -$0.5bn in 1 month (excluding the +$0.2bn inflow, -3% return in 1 month )....with that kind of "performance" the insto drip feed should slow down, possibly reverse....
Instos will pull back and retail (your highest margin) continues to nose bleed at a steady pace. YOU LOSE 4 TIMES THE INSTO REVENUE FOR EVERY RETAIL OUTFLOW.
Nothing from the above excites me, market may have expected further falls and is probably reacting to the $19m in performance fees (not sure why or how, the benchmark must be so low!)....again low volume - havent bothered to look if buy back part 2 has kicked in as well, which typicvally artificially inflates the SP...
but to answer your question (the 101 thing)......when you invest in dividend paying stocks, you get dividends right?? well when MFG invests peeps $$$ into their mandates they also pay those clients distributions from the returns they receive and pass that through.....they announce it so the market doesnt think the drop in FUM next month was caused by further client outflow bleed or poor performance, but can magnify the effect if more clients leave + poor performance occurs.
hope that helps.
gltah
MFG Price at posting:
$8.94 Sentiment: None Disclosure: Not Held
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do u have any idea what you are invested in??? the nature of their business?? just pure fundamentals level...101....basic stuff...?
)....with that kind of "performance" the insto drip feed should slow down, possibly reverse....
(20min delay)