? please explain??? how has it stopped??..... what rose coloured glasses holders have....
so, it was flat..... overall but, if you switch to a fees view, you lost the retail equivalent of -$800m of insto (1:4 ratio from a fees point of view) yet gained only $200m insto = net -$600m insto funds loss from a fees point of view....in 1 month.
also, how does a fund manager, a supposed "custodian" for peoples HARD earned wealth, lose $1bn, yes, -$1bn in 1 monthdue purely to fund performance??? they underperformed across every mandate:
its was actually a higher lo$$ than that, because FX helped out a bit this month, so >$1bn fund perf LO$$. in 1 month....across ALL FUNDS.
nothing here to be proud of for a "WEALTH MANAGER".
If further OUTFLOWS dont eventuate from that "performance", not sure what will, but would you invest in their funds with -2.7% monthly lo$$ in fund performance, EVEN WORSE AFTER FEES!!
wow....how is the SP up?? oh yeah, that BB.....more ca$h spla$h to prop up the ailing SP....
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overall but, if you switch to a fees view, you lost the retail equivalent of -$800m of insto (1:4 ratio from a fees point of view) yet gained only $200m insto = net -$600m insto funds loss from a fees point of view....in 1 month.
across ALL FUNDS.
(20min delay)