Hi Squeaks,
I think the figures are not that great wherever the inflows come from.
Correct me if I am wrong please.
Net outflows 1.3 billion
External inflow 342 million
Loss of Woolies mandate yet to come.
Their statement on FUM in wealth talks about 5.8 billion down , due to outflows and poor investment markets. If they are talking about 1st quarter 21 vs 1st quarter 22 , 22 1st quarter markets , if you take the asx 200 accumulation as a proxy , looks ok or better?
If I might impose further , do you have a handle on the effect of changing from legacy FUM to the platforms has on revenue and or profitability?
cheers
AMP Advice and Wealth, page-241
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