5.5bn outflow for one month is a large number they now in a feedback loop as you mentioned, more outflow meaning they cant afford to reduce fees, if they keep high fee there is more outflow more outflow meaning they have to sell more good stock for redemption and risked further under performing
at some point they need to make some very hard decision and some major business decision and reset the business and stop this feedback loop.
I may join the game when I see the business reset that are competitive and viable long term at current form with their high fee I don't see it viable
MFG Price at posting:
$18.25 Sentiment: None Disclosure: Not Held
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