Ann: Trading Halt, page-9

yes, but performance deviation to index funds that can charge as low as 0.02% on a mandate is an issue on the institutional side. A large portion of institutional money is pension funds, the new regulations on Australia pension funds for my super products means mandates with MFG should be toast. Albeit they do have a global mix. Just saying risks exist.

I don’t have a problem buying some of their funds at say 1-5% of my portfolio, however HNWIs is immaterial to MFG’s share price. It’s instructional FUM that matters and no Board would let these guys continue with one of their mandates if they continue to under perform. This is why I never invest in listed fund managers, it’s so fickle. I’m not trying to downramp here, just stating facts. As I said my wife has a tiny interest in one of their retail products.