hi guys, ive noticed that most of the global fund mangers FUM has fallen heavily recently, platinum FUM has fallen, overseas T Row Price a huge US active fund manger FUM has been falling, its stock has gone from $220 to $133, its happening globally, not just to magellan, so why is this? stock markets are still near their record highs 10% down from all time highs, yet FUM at most fund managers globally has been steadily falling, why is this? are people taking their money out because even the common person who is a passive investor think a huge crash is way overdue? what else could it be? the positive is its now just at magellan that FUM is down, its across the sector internationally.
MFG Price at posting:
$14.20 Sentiment: None Disclosure: Not Held
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