INTERIM REPORT, FOR THE HALF YEAR ENDED 31 December 2022

I am surprised nobody has commented on yesterday's release on MGF and MGOC, HY REPORT.
I am also confused as for accounting purposes Magellan combines MGF and MGOC together.
You see MGF is a closed ended while MGOC is open and is open withdrawals.
MGOC assets were -17% lower to 9.787049B from 11.75622B

So the combined Net Investment income was -71% or $378.727m
Operating profit was -75% or $291.84m

Total return MGF 2.4% WITH 0.2% growth.
MGOC returned 2.1% growth net of fees.

A trend I have noticed this reporting season is the continued fall in Funds under management.
Platinum reported 17.8B
Magellan 53.8B
Perpetual 202B
IFL 285b
BELL FINANCIAL GROUP 72.8b
Future fund 196b

Maybe it's time that Magellan and Platinum merge as funds still falling.
Where has the money gone?
ETF's