This is what I wasn't excited about:
Funds Under Administration (FUA): $205.2 billion; positive net inflows of $592 million
were offset by market decline of $14.9 billion and pension payments of $793 million, leading
to an overall reduction of $15.1 billion (-6.9%).
• Funds Under Management (FUM): $92.3 billion; positive retail net inflows of $118 million
were offset by institutional outflows of $901 million and market decline of $3.8 billion,
resulting in an overall reduction of $4.6 billion (-4.7%).
Ann: Insignia Financial 4Q22 Quarterly Business Update, page-5
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