Hi Lost - the thing with Pendal is that it has many, many more products than Magellan. Pendal has capabilities across Aussie, small cap, fixed income, global, credit etc. so each of those need a team of people to manage.
Magellan only has three, hence why.
Regardless though I agree with you, something needs to be done, but I suspect that "something" or quite frankly anything won't work to stop the bleeding. Magellan has to turn its performance around or go on sale. It's as simple as that.
Hi Lost - the thing with Pendal is that it has many, many more...
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$8.43 |
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Mkt cap ! $1.523B | |||
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