Hi @Moonshine66
I just want to understand the underlying business of Magellan more and see holes in its story. Keen for you to not lose more money too.
Platinum outperformed Magellan by 2.5 times last year, the underperformance thesis is better for Magellan to compare against GQG (Magellan underperformance was only 2.2 times GQG).
Regarding fund flows, appears the retail market are switching to Pinnacle boutiques. Pinnacle increased retail FUM by $2B last quarter. A lot of this would traditionally flow to Magellan.
If you take GQG out of the picture, Magellan has a much lower performance in last quarter even against Perpetual. It only outperformed Platinum for the whole quarter. AEF, GQG, Pendal, Perpetual and Pinncale outperformed.
Best of Luck
Lost
MFG in the BUY zone, page-587
-
- There are more pages in this discussion • 639 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MFG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$11.26 |
Change
0.030(0.27%) |
Mkt cap ! $2.013B | |||
| Open | High | Low | Value | Volume |
| $11.23 | $11.28 | $11.05 | $7.131M | 637.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 234 | $11.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.28 | 6303 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |