Ann: Funds Under Management Update, page-18

Wow. Did not expect this significant contraction $10bn in FUM in a matter of just over 2 weeks.

Validates my decision to get out as the risk is too great. There seems to be always some potential news around the corner and that does fit with my current strategy. But the intentions to redeem could perpetuate more redemptions and potential poorer performance.

Something has got to give to stem the outflows.

I got out just before the dead cat bounce last week after results announced unfortunately so missed out on reducing my loss and the dividend, but you can't time everything perfectly.