Hi
@mickeebeeHere are the high levels:
The FUM increase of $AUD2.462B is likely to be wiped out by outflows. It is looking likely FUM numbers are flat month on month.
A couple of things to keep in mind:
1. The above numbers are based on adjusted portfolio weightings of the top ten holdings only and cash position (cash at 9% at the end of December). Magellan have not released the full portfolio holdings changes yet for the end of December - this means there will be some variance.
2. Have noted others are reviewing the top ten holdings only - if this is applied you will be under tracking the performance of the portfolio by 2.4%. All holdings are performing better than just the top ten of each fund.
3. AUD/USD is a -4% drag on Magellan's Portfolio overall this month.
With one day to go for the month, when markets are on the up, Magellan is tracking neutral. Magellan's portfolio is getting hit when market turns down. It is stuck in a lose-lose situation at the moment.
Best of Luck
Lost
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