MFG magellan financial group limited

Wow. Did not expect this significant contraction $10bn in FUM in...

  1. 2,123 Posts.
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    Wow. Did not expect this significant contraction $10bn in FUM in a matter of just over 2 weeks.

    Validates my decision to get out as the risk is too great. There seems to be always some potential news around the corner and that does fit with my current strategy. But the intentions to redeem could perpetuate more redemptions and potential poorer performance.

    Something has got to give to stem the outflows.

    I got out just before the dead cat bounce last week after results announced unfortunately so missed out on reducing my loss and the dividend, but you can't time everything perfectly.
    Last edited by MikesLM: 25/02/22
 
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(20min delay)
Last
$10.85
Change
0.305(2.89%)
Mkt cap ! $1.866B
Open High Low Value Volume
$10.55 $10.86 $10.43 $3.554M 333.2K

Buyers (Bids)

No. Vol. Price($)
12 981 $10.84
 

Sellers (Offers)

Price($) Vol. No.
$10.85 399 7
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Last trade - 14.49pm 31/07/2025 (20 minute delay) ?
MFG (ASX) Chart
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