As we know now the exposure to emerging markets between GQG and MFG are 40%(?) and 4% for MFG, most in this forum were not interested taking positions in GQG. Let us concentrate on MFG performance against indexes. During this calendar year FUM has gone up by $18B, but share price has gone backwards. Even the much maligned MGOC has seen share price moving up about 18%. What is causing this discrepancy. To my mind it was the financial results of 21 FY, where investors turn against the company. MFG needs to show with the next set of HY results that over $200m were one off. We all know that is the case and with additional 18B FUM , MFG results is going to be extremely good.
MFG Price at posting:
$33.96 Sentiment: Buy Disclosure: Held
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