Every fund will underperform at some point. The important part is not to lose your entire client base/FUM in the process. FID are well clear from that it seems given Net inflow figures.
Many tailwinds still applicable here:
- Potential for markets to run after inflation falls. Not 100% on this one by any means
- $6m per advisor per year inflow is the new target (80 advisors, $480m inflows). This should flow into FUM/FUAdm shortly after
- PUCC funds flowing across. Still more to go:
- All reductions in fees/revenue loss during integration have been fully absorbed. There's no longer a drag
- Auxilium is actually growing. Consider the multiples these platform businesses are given... It's massive. This feels like a free option.
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Every fund will underperform at some point. The important part...
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$7.56 |
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Mkt cap ! $237.9M |
Open | High | Low | Value | Volume |
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7.750 | 3000 | 1 |
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$7.60 |
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Change
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