MFG magellan financial group limited
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Fum hasnt been growing because of USD. Flows continuing.I have 0...

  1. pastperformer
    8,658 Posts.
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    15/01/21
    22:58
    Post #: 50210096
    Fum hasnt been growing because of USD. Flows continuing.

    I have 0 concern over future funds management business given the flows have been steady. As I said if we get mean reversion in currency MFG will back on the growth path with their fee revenue.

    Hamish has also been on the front foot:

    1. Private equity investments (guzman & Finclear)
    2. Poached all top UBS bankers for M&A and investment banking (barrenyjoey)
    3. Retirement product in the works

    They are smart operators. Could care less about what GS think, have known Hamish and Chris for over 10 years, these guys aren't stupid.
    Last edited by pastperformer: 15/01/21
    MFG Price at posting: $47.57 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last trade - 09.52am 26/06/2025 (20 minute delay) ?
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