And of course the big elephant in the room that nobody is talking about for fund managers:
There portfolio is a function of pricing of the market.
If the market tanks 30%, whilst MFG might 'out perform' that will probably mean their FUM drop less than the market. but thats still a drop, which will blow all forecasts of earnings on those FUM out of the water.
MFG Fair Value, page-19
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B | |||
| Open | High | Low | Value | Volume |
| $10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2494 | $9.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 45242 | 13 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |