redemptions difficult to do in July. theres always been a lag to outflows. watch it accelerate back to (-$2bn) outflow next month.
FX finally worked against you and appears to have more than offset any investment gains:
Opening Jun23 FUM $39.7
Net client outflows -$0.4bn
Subtotal = $39.3bn-
Less: July FUM 39.2bn
FX+Investment =(-$0.1bn)
pathetic returns, couldnt even cover the FX loss!!! this will naturally cause more fum to exit.
waiting for the financials - should be an interesting read (red ink)!!! lets see how they dress it up because there is zero sugar coating this...!
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- Ann: Funds Under Management - July 2023
MFG
magellan financial group limited
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Ann: Funds Under Management - July 2023, page-7
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Last
$8.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.461B |
Open | High | Low | Value | Volume |
$8.50 | $8.67 | $8.48 | $3.088M | 361.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1950 | $8.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.59 | 5048 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1950 | 8.480 |
4 | 10603 | 8.300 |
1 | 1175 | 8.200 |
1 | 1124 | 8.150 |
1 | 1242 | 8.050 |
Price($) | Vol. | No. |
---|---|---|
8.590 | 5048 | 2 |
8.600 | 3116 | 4 |
8.610 | 1950 | 1 |
8.630 | 2950 | 2 |
8.650 | 3409 | 2 |
Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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