This is just becoming unbearable to watch.
I mean I'm a mega bear on Magellan but I really feel for the long holders.
I wish I could say there is an end in sight but the outflow backdrop continues to worsen. Advisers/insto/SMSFs/retail are all asking the same question: "Why should I pay Magellan 1.35% for underperformance when BlackRock charges 4 bps for better returns?"
The outperformance margin of their infrastructure fund (MICH) is sitting on a razor's edge as well, so if that tips over then you're going to see another big drop in these FUM numbers.
This is just becoming unbearable to watch.I mean I'm a mega bear...
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Last
$10.54 |
Change
-0.340(3.13%) |
Mkt cap ! $1.812B | |||
| Open | High | Low | Value | Volume |
| $10.80 | $10.84 | $10.44 | $9.556M | 901.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $10.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.56 | 250 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |