Hi AllIn simple terms, here is the range based on whether Jarden...

Hi All

In simple terms, here is the range based on whether Jarden ($A18.6B) or Macquarie Bank ($A23.3B) are correct with SJP FUM loss:
Jarden = ($A120.598B - $A18.6B) - average monthly outflow for the September Quarter of $A500M = $A101.498B
Macquarie Bank = ($A120.598 - $23.3B) - average monthly outflow for the September Quarter of $A500M = $A96.978B

Therefore the December FUM range is going to be between $A101.498B and $A96.978B, after performance.

Any FUM announcement less than this and outflow is leaking more than expected.

How was this arrived at?
Take the performance for the month for estimated underlying portfolios (keep in mind December was the best performing month for the quarter), here is the underlying performance for December in USD terms:
Global Equities

Infrastructure

Australian Equites was the performance for the ASX200.

Convert and update based on AUD/USD and hedging employed:


THEN, reduce by Jarden and Macquarie Bank's SJP estimates of loss of FUM, therefore the range for December FUM is going to be between $A101.498B and $A96.978B.

Best of Luck
Lost