MFG magellan financial group limited

Ann: Funds Under Management Update, page-52

  1. 1,990 Posts.
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    Yeah...but they now face many months of withdrawals, pressure to reduce the excessive fee structure and the likelihood of significant damage to their portfolios as the US corrects or even crashes...so withdrawing to a more conservative manager with lower fees is the strategy that will prevail.

    Recovery will take many quarters, maybe many years.
 
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