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clock Created with Sketch. 22/10/21
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Originally posted by Chella:
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That is the problem with people comparing peak Covid period performance for 1 year to June 21 , MSCI 27% against MFG 10%. We are back to normal period and look at information only for that period. FUM is the important part of the business, if that segment is not doing well funds won’t be there to get management fees.
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Then your thesis is there is no confidence for them to at least be on par with the index.
(20min delay)