i calculate 5% under performance based on your FUM method over the last six months.
fum grew from $106.05b in march to $113.3b in sept = 7.25b growth. out flows were -$1.88bn which mean investment return is $9.1bn or +8,6% msci world index during this period +13,6% aud so they under performed 8.6 minus 13.6 = -5%
now show me your calculation please?
MFG Price at posting:
$33.41 Sentiment: None Disclosure: Not Held
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