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#Quarterly Update
stale
Market didn't like the quarterly update released today.
While FUA increased 14% to 8.2B, growth is slowing. This is now the second quarter in a row of shrinking net inflows (and down 37% on PCP).
Next comp NWL may fare better as market movement hadn't yet bottomed in the Mar-22 quarter (and hopefully outflows peaked in Dec and continue to reduce from here).
Disc. held IRL.