I don’t you should take IB forecast to heart. The more I think about this is a serious issue. Where is the evidence of fund withdrawal? 300m on 117B during the worst performance period of MFG is not an indication. They may have bit more withdrawals here and there, until people accept that period since inception of Covid was an aberration. As I said few times from Feb 2021 MFG funds has gone by about 16B, 16%. Show me another big Fund that has this kind of track record. As one of the other readers mentioned few days back, MFG is not holding highly stretched stock to make the returns it has done up to now. Almost all have strong BS with plenty of cash deploy when the bad time comes. That is time you will see who is running a better portfolio.
MFG Price at posting:
$38.98 Sentiment: Buy Disclosure: Held
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