There is this little thing called research which suggests increasing FUM correlates with a decrease in fund performance. It is why managers often limit FUM to ensure they can quickly enter and exit positions - deploy or remove capital from the market. It is especially true for a small outfit like WAM when it comes to global equities.
Thus the comment about it potentially affecting performance.
Wait... forgot who I was talking to. Read slowly... it might hurt...
And yes 10% of 1000 is different to 10% of 100,000.
You have issues and your attempts to bait are juvenile.
Ann: WAM Global and Templeton Global Growth Fund set to merge, page-15
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