Ann: Video update from Chief Investment Officer and Chairman, page-314

very very interesting chart. Exactly what I have been saying, it will take few more months to show up better the discrepancy. Regarding MFG, as I said impact will be less than index or other funds. FAANG, MSFT and those consumer goods companies have the BS to take advantage of the distress companies.
If you go by last 18 months, when you do badly against index, funds will withdraw and reverse should take place when you do better.
From management point of you obviously it is easier to sell something when you are doing better than the benchmark, MFG will get it chance again to attract small funds of 2 to 3 billion again. They have the previous record of doing well to back their claim.
December 21 performance may be the turning point after more than 12 months of underperformance.