MFG 2.61% $10.24 magellan financial group limited

Ann: Funds Under Management - April 2023, page-25

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  1. 76 Posts.
    lightbulb Created with Sketch. 14

    They had "high returns" during the Covid period, the problem was underperformance.

    They've had a good 2 months solely off the backs of a couple of stocks popping big in earnings season, but even on the year they're only ahead by 0.8%, less than their fees.

    I cannot believe the market responded positively to this result, its as if institutional and larger investors don't even read the numbers or understand the situation at all.
 
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