I think if you assume the outflow of FUM continues at its November rate of $A1.47397B through to June 2022 and the AUD/USD rate hits 73c by June 2022, the target FUM amount for Magellan will be closer to $A103.07742B.
What does this do to earnings models?
This assumes that FUM outflow that has been occurring does not continue to grow.
Best of Luck
Lost
Ann: Funds Under Management - November 2021, page-30
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