Just curious, they have lost 2/3 rds of their FUM.
How do you see them winning back this FUM?
If you can't answer the above then it's hard to find a case why you would be buying this thing.
The next 12 months are going to be really difficult across the board for people trying to manage their cash flow, if anything you would assume that there will be a net outflow from markets as people try to manage cash flow. We have already seen that in the beloved ETF flows from last quarter.
MFG Price at posting:
$9.22 Sentiment: Sell Disclosure: Not Held
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