MFG 0.56% $10.79 magellan financial group limited

Ann: Funds Under Management - June 2022, page-36

  1. 846 Posts.
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    Nice chart.
    If I understand GQG numbers released today, FUM reduced from 94B to 86B in spite of 2B inflow. That is about 10% underperformance for one month.The portfolio shares have gone backwards by about 10B.

    As MFG portfolio has been revalued over last 12 months or so, they should start to outperform the indexes like what they have done for June qtr. As GQG portfolio carries lot of emerging markets and commodities type of shares, it is starting to wobble with the global slow down. MFG portfolio even if it comes down it will be less. That explains your comparison of 4 and 11 arm. Good stuff.
 
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