The retail fum outflow should slow down over time. Many if not most of their clients have been in the funds a long time, and have done fairly well out of it. The issue for them is that it's going to be a big CGT payment when the sell (even after the 50% reduction).
I've got a couple of funds that I've had for years, and would like to sell and move to different funds if I could. But when you figure out the tax implications, it's just not worth switching.
The Insto fum isn't that lucrative on fees.
Ann: Funds Under Management - September 2023, page-7
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