Ann: Quarterly Activity Report and Appendix 4C, page-3

IMO accumulation looks like it's happening at these levels. Hope you're all strapped in. PWL, PSS and OVH all seem to have good support as well.

'IMAP’s industry research suggests approximately $80 billion of client funds are invested via a managed accounts or SMA structure. Inflows into managed accounts have been growing at around 20 per cent per annum in recent years, according to IMAP numbers'.

https://www.professionalplanner.com.au/2020/05/fate-of-investment-consultants-in-advisers-hands/