You realise PAC is just a distributor? They aren't a funds management business. You can't compare FUM growth, they are two different companies with different strategies.
Additionally, you may which to have a look at who the star of their stable is. GQG is a quality funds manager, but they only clip their ticket. Distributors have managers that swing in and out of favour, be careful thinking the performance or FUM will continue on it's current trajectory, because inherently they don't.
Thanks for coming in and trying to discredit MFG with your basic analysis, thinly veiled promotion of PAC.
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