Morningstar flows from these four strategies in May estimated at...

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    Morningstar flows from these four strategies in May estimated at US$600M to US$650M.

    Investment returns expected to contribute 2.2% based on Morningstar 1-Month performance.

    Applying 2.2% to US$163.6B FUM at 30 April 2025 gives estimated invesment returns in May 2025 of US$3.6B.

    So estimated FUM based on only Morningstar data is approximately US$168B.
 
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