You got it - and yet there are investors here who think that high interest rates are to blame for Magellan's demise. It has NOTHING to do with it - Magellan's job is to outperform in any market cycle. That is why it charges the fees it does. When you can't deliver on that performance - or when your sausage McMuffin tastes worse and is costlier than Maccas - why would people do business with you?
Too many people here don't seem to get that.
Ann: Funds Under Management - October 2023, page-3
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Last
$9.76 |
Change
-0.050(0.51%) |
Mkt cap ! $1.764B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.77 | $9.63 | $2.785M | 286.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 928 | $9.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.77 | 2144 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |