Probably depends on whether we have a friendly bear or an angry bear. The market drop from April 2015 to Feb 2016 was 20%. I'd put that as a friendly bear. In that time FIDs FUM rose 7% from $1244m to $1344m due to a combination of inflows and acquisitions.
If we had an angry bear, like a GFC induced 50% fall in the market well yes, that is going to see net inflows become net redemptions. You don't want to own wealth stocks when you have an angry bear
Probably depends on whether we have a friendly bear or an angry...
Add to My Watchlist
What is My Watchlist?
