Perpetual FUM declines
Market volatility has again eroded Perpetual’s funds under management.
The company told the Australian Securities Exchange today that as at September 30, its funds under management stood at $29.4 billion, down from $31.4 billion in August.
It said the reduction had been driven by declines in the S&P/ASX 300 Accumulation Index of 9.94 per cent and the S&P/ASX300 Industrials Accumulation Index of 4.77 per cent in September.
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