$36 million from the Australian Share Fund in June... $22 million in May... Past few months these represent about 10%+ of the fund size. When you start adding up the money that's been redeemed across the various share funds, the totals are staggering.
Their share funds are dropping like there is no tomorrow. And the sdratsab are charging a spread fee of 5% just to get out :/ I thought those money exchanges at airports were crooks, BlackRock are something else.
Their fixed income products are drawing money though... and it's not difficult to see why, with all the advertisements they have directed to the mums & dads & pensioners & the little ones... just have a look at their twitter feed, you'd think muni bonds were the best thing since sliced bread. Fixed income products have moved to bubble proportions, like term deposits, they're a disaster waiting to be pricked.
AMX Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
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