Pendal FUM drops $12bn
Pendal Group has reported its funds under management dropped over 11% in the June quarter.
Source: financialstandard.com.au
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Client caution drives Pendal fund redemptions
Pendal Group’s funds under management have fallen by $13.9 billion in the June quarter due to fund redemptions driven by client caution and sustained market challenges.
Source: moneymanagement.com.au