just to expand on why I said Magellan will always out perform the market indexes 95% of the time, look at these numbers. End Feb 21 MFG Total FUM - A$ 100B End Sept 21 MFG Toal FUM. - A$. 113B End Sept 21 MFG adj FUM. - A$. 115B adjustment is for fund out flow for the period Feb to September 21. The only index close to MFG performance is S&P 500, which is still 2% less. On top of these numbers MFG pays about 2% more dividend yield compared to S&P 500. This is where financial community discussion is screwed towards discussion of bad news , which makes a story for the journalist. They are still hitting MFG with Covid period under performance against the market. One day it will stop.
MFG Price at posting:
$33.48 Sentiment: Buy Disclosure: Held
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