signs of stabilisation in the main fund, good outperformance as China bounces.....flows continue out but is a lagging indicator.
performance of Asian fund continues to be decent so its not all bad, but Asia overall has been a poor region so outperformance doesnt really shine.
overall I think the worst of the underperformance has been seen and that it a positive lead indicator of fund flow......it might take a while to show up in a stabilisation as the rats are still leaving the ship....maybe that should be sheep ?
Ann: Funds Under Management - April 2024, page-6
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