“Can someone please expain this? It indicates that FUM decreased whereas the actual numbers quoted in the announcement show they increased. Perhaps its an error.”
No error; the apparent discrepancy is due to the increase in the value of the portfolio due to favourable movements in the market prices of the securities in PTM’s portfolios.
(Theoretically, one could have the opposite situation, namely net fund inflows over a certain period yet the level of FUM still reduces; that would correspond falling stock prices.)
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- News: PTM Platinum Asset Management Posts FUM As At Nov. 30 $24,940.02 Mln Vs $24,595.93 Mln As At...
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