MFG 0.71% $9.78 magellan financial group limited

Ann: Funds Under Management Update, page-101

  1. 12,617 Posts.
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    I re-entered Magellan back in December at $21.50 but bailed out a few weeks ago at $18.50 plus a fully franked dividend with a net loss of about $1.45 per share.

    You cannot win against the tide of FUM flowing out and I had mistakenly believed it had stopped but it hadn’t and I will not be surprised if further FUM flows out in the next few reporting months.
 
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$9.78
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