Agree, FUM will be lower due to outflow as well as market performance of the portfolio. At least performance will be better than the indexes for the 2nd month in the last 3. The Past 3 months performance of the MGOC fund will be better than world indexes. Will this be sufficient to stop fund leakage in the future.? With the 2 qtr results that will be released over next 3 weeks should also show better performance from the MFG portfolio shares compared to many indexes.It is going to be critical juncture for future direction of the MFG share price.
MFG Price at posting:
$11.93 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)