MFG 5.13% $8.69 magellan financial group limited

Good day everyone.I have this ticker on a watch for a not too...

  1. 201 Posts.
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    Good day everyone.

    I have this ticker on a watch for a not too long time, generally read announcements and some comments. Can someone advise, please? In regards to FUM and their continuous fall, does the amount reflect also the value at the time of announcement? That is not only the outflow of fum but also their drop in value? I mean, for instance they announce $5bn decrease in fum, could $1bn of that be caused by decrease in value rather than actual assets leaving their management?

    Thank you and apologies if this is a newbie question.
    Cheers,

    MiB
 
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