Hi TheCapatilist,
It is indeed a very nice big increase over the quarter, especially when you consider that over this quarter the Apollo issue is almost completely sorted out and there is no FUM outflow but the opposite big inflow,
this is showing that the Apollo exit has no material effect on FUM (IMO).
Also, another big plus, certitude had 2 of their funds from the Structured Products mature (Anz Discovery Asia on 30/05/14 and Hfa Octane Asia on 27/6/14),both have zero to no earning to HFA anyway, but both from memory had around $280 million FUM so either this money stayed(big plus) or either left and replace by new money (big plus) so it's win win situation.
http://certitudeglobal.com.au/products/structured-products
All in all we have a massive big positive inflow and performance considering the points I have raised IMHO, but I could be wrong.
Hi TheCapatilist, It is indeed a very nice big increase over the...
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