Im sure you can work it out...fx did some heavy lifting...and $1bn [or $4bn!! corp equiv fee revenue] of RETAIL fum flowed out the door vs $0.2bn trend...MEGA ouch...didn't delve into the drivers, you were warned in June about distributions impacting July so that may play here...
performance appears good "on paper", but ex-fx...?! They don't split anything as usual...
mfg is up from its $8 fv purely on the anticipated ca$h splash...would be interesting to see if they decide on any more "special divs" or have the coffers started to run dry...
not much further to add...the elephant is the massive retail outflow and august fum
MFG Price at posting:
$9.29 Sentiment: None Disclosure: Not Held
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and august fum
(20min delay)