correct, convincing a Board to reinvest in a dumped underperforming mandate would be difficult a couple years down the track. Drumming up new business when you’re 12% under benchmark be near impossible. Mind you their is trillions in dumb capital around.
I don’t touch this sector in general because of this. Just posting out of interest.
MFG Price at posting:
$29.36 Sentiment: None Disclosure: Not Held
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