I am not worried about MFG's retail segment at the moment as it has signed agreements with AMP/BT since Mar 2015 and 4 of the top 6 retail players are with it. And the inflows figures every month since then tell me the agreement does work.
But not so sure about the momentum of the insto and what is Douglass' plan to penetrate further in insto segment?
All I know is on page 8 of the annual report:
"We have been actively working on three new related global equity products that we intend to seed then launch progressively over the next 12 to 18 months. These product will be primarily targeted towards international institutional investors...it is unlikely that any of these products will attract meaningful funds under management for at least the next 3 to 5 years."
Yes, MFG's powerful sales team, relatively cheaper fees compared to Platinum together with the fact that the interest rate could probably stay lower and longer so more funds are hungry to come out and hunt for higher returns will all help MFG to gain more traction from insto.
Anyone can share some insights about any other specific drivers that can help MFG to grab more from instos? or some downside risks?
Thanks in advance.
MFG Price at posting:
$23.23 Sentiment: Hold Disclosure: Not 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)