I remember well that period, it was'nt all sunshine. The market sold it down 22% for a 11% increase in FUM and and a 7% eps growth.
I'll agree however that now is very different, but lets see how the markets reacts to a possible bear market. I'd like to hope that smart money finds its way back to a very conserative active manager then passive funds. time will tell i guess
Not buying but holding
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