MFG magellan financial group limited

Ann: Funds Under Management - August 2023, page-6

  1. 4,343 Posts.
    lightbulb Created with Sketch. 1221
    LOL. what cave?? was skiing champ, hitting the slopes, perfect spring weather, the failure of MFG (again) was the last thing on my mind. I do enjoy a FUM update of course, couldn't wait to get back to it tongue.pngtongue.png....!

    why don't u ask management why the FX isn't stripped away from performance?? (like every other fund manager does and presents?)...smokescreen central!
    Is it so difficult to provide a table that clearly shows:
    Opening FUM
    - Client flows
    - Fund perf
    + FX impacts (not real)
    = Closing FUM
    Surely the ex-PWC CFO can handle that?? rolleyes.png
    but maybe, just maybe, they dont want to show it....?? why?? doesnt take a genius eek.pngrolleyes.png

    The FX has been the ONLY true out-performer, doesn't change the fact that client accounts are seeing RED in native currency, this will snowball the outflow redemptions....!





 
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$10.43
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