The announcement is worded very poorly.
They need to tell us outflows from Jan 31. To make it worse Jan 31 update itself didn't tell much for outflows/inflows either.
Also, a non-trivial part of the drop will no doubt be Meta crashing 28% since Jan31, which is a big part of the the MGF fund. I assume the 1.9 in pending redemptions are new items, not sure of the split on the 3.6B.
All in all, amateur hour from the company secretary, if you want investors to reinstate their faith, least you can do, is give information with transparency, instead of this hot mess.
Ann: Funds Under Management Update, page-46
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