I love how you say "once FUM stabilizes" like it's a given it's...

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SaltyInvestor

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186

08/07/22

15:12

Post #: 62444755
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Originally posted by pastperformer: ↑

I don't think so. The reputation is so badly damaged I doubt there is a way back. This stock will probably just become a value play moving forward once the FUM stabilises. Some will always stay faithful, but a lot of the talent is likely to leave in the medium term.

Magellan's magic came from it's distribution, being one of only a handful of global managers to be offered to a growing Australian Retail and Super market. With Frank leaving, Hamish being hidden away and no market beating performance, it takes quite an amibitous set of assumptions to see them at their former glory. Market is now competitive and most super funds are taking investment in house, increasing private investments and using low cost index strategies. The life cycle fund managers is much shorter these days, and performance and cost have become front of mind. Two area's Magellan currently rank in the bottom quartile in.

While their performance may turn around soon, I doubt the flows will come rushing back in for some time.

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I love how you say "once FUM stabilizes" like it's a given it's going to happen.

And "a lot of talent is likely to leave" - the same talent that can't even match the index.

Interesting post. Actually not really, when you finished it with "while their performance may turn around soon" like you know it will.

MFG Price at posting: $11.93 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $10.54		Change 0.000(0.00%)		Mkt cap ! $1.812B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	1	$11.06

Sellers (Offers)

Price($)	Vol.	No.
$9.75	2649	1

View Market Depth

No.	Vol.	Price($)
1	1	11.060
1	744	11.030
1	662	11.020
3	117	10.850
1	90	10.750

Price($)	Vol.	No.
9.750	2649	1
9.900	25	2
10.240	1016	2
10.500	115	1
10.540	500	1

Last trade - 09.50am 31/07/2025 (20 minute delay)

MFG (ASX) Chart

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I love how you say "once FUM stabilizes" like it's a given it's...

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