Hi Mibart, yes it does and that's a great question.
You see once upon a time Magellan, in those monthly FUM update statements, explicitly stated on the bottom of those announcements how many outflows/inflows they received each month. They no longer do this as they don't want investors to know how much of the FUM is attributable to outflows to try and not spook investors. Now they leave it up to investors to guess the trajectory of flows. Funny that, given the share price can't stop falling off a cliff.
Ann: Funds Under Management - May 2022, page-72
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