Pretty good report.
I think the would be better served by saying what the % performance of their most popular portfolio over the same period as some participants in the market will just see the negative FUM number and draw a wrong conclusion that their business is contracting.
Personally it would be good if they could have a Cash+ type investment option rather than just "Conservative" - which still has small exposures to growth markets. I think some people would like to use it as a savings tool "out of mind, out of sight" approach, which goes in line with their original marketing.
Ann: Funds Under Management & Active Customers - December 2018, page-2
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