MFG 3.02% $10.22 magellan financial group limited

Ann: Funds Under Management - October 2023, page-3

  1. 670 Posts.
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    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.
 
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