Institutional outflows were big..... not sure I've seen that over the last couple of years what does that tell us the market is likely getting overvalued? Magellan's missed a serious issue with the aud rising massively for which they didn't hedge I was sceptical about it and no wonder returns have significantly underperformed the market recently for their funds. While the listing of Airlie funds is great and I'd expect a positive response Airlie has underperformed the entire time its been with Magellan so wouldn't suggest it'll get massive attention when you could just buy the asx200 index. Still an awesome company however for the current environment it's overvalued. Gltah imo dyor
MFG Price at posting:
$59.03 Sentiment: None Disclosure: Not Held
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