Leverage to the next Pogo Deposit? AUL -> WRM, page-50

The AUL data for the past month is interesting:

- Retail are buying strongly with the biggest seller ALSO being retail, with so banks selling small-medium positions.

(I would place this reasoning as not wanting to wait 3-4 months for the shares to turn to WRM/and or think they can find better returns elsewhere/or their clients said they want their money pulled from AUL given the merger announcement. )

Hard data to interpret - certainly not as clear cut as WRM data.