Whilst this sounds like good news, it actually seems to suggest AEF has had a very modest May and June period for other inflows.
AEF hit $2B in FUM at the end of April.
Today they say the institutional flow of $126M represents 6% of FUM at end June.
This puts FUM at about $2.13B, which when the new insto mandate is excluded means there was very little change in FUM between end April and end of June.
I guess we will find out for sure in a couple of weeks time.
Gosouth
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