MFG magellan financial group limited

Ann: Funds Under Management - October 2023, page-2

  1. 4,328 Posts.
    lightbulb Created with Sketch. 1218
    ouch. AGAIN.
    https://hotcopper.com.au/data/attachments/5712/5712931-52895a44db068553b310b429b99cc6ef.jpg

    AND AGAIN. FX IMPACTS TO THE RESCUE!!!

    Opening FUM (Sep) $35.0 bn
    Client Outflows -$0.8 bn
    +FX -mkt perf +0.1 bn
    Closing FUM (Oct) $34.3 bn

    Diff = -$0.7bn which almost equals the Client Outflows of -$0.8bn.

    That means the +FX -mkt (negative investment return on funds) = +$0.1bn! these guys keep getting an FX assisted shield to cover their abysmal fund performance!!!

    The FX IMPACTS (not real) saved your bacon AGAIN!!!
 
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