Perpetual FUM declines

australian securities exchange market volatility cent

15 October 2008
| By By Mike Taylor |

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

1 month 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 months 1 week ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

6 days 4 hours ago

Lonsec has appointed a new chief executive for its research and ratings division as Mike Wright takes up a new role in light of the acquisition of Evidentia Group by Lons...

1 month ago

The Financial Services and Credit Panel has cancelled the registration of an NSW adviser for two years as it felt he displayed a ‘level of incompetence’ in providing advi...

1 month ago

TOP PERFORMING FUNDS