We can now tally up FY23.
Retail outflows = $5.6bn (average retail margin I estimate at 1.22% = $68.32m annualised of lost revenue)
Institutional outflows = $19.5bn (average Insto margin I estimate at 0.33% = $64.35m annualised of lost revenue).
The full year tally of reduction in revenue ($132m) basically equates to their annual operating costs (approx $128m). Will be interesting if we see a cost-out plan being announced with the FY23 financial results.
Ann: Funds Under Management and Performance Fee Update- June 2023, page-5
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Last
$8.41 |
Change
-0.030(0.36%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1191 | $8.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $8.42 | 1974 | 2 |
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