IOOF FUMA declines
Funds manager and Perennial parent IOOF Holdings Limited has reported another significant decline in funds under management and administration (FUMA).
IOOF reported to the Australian Securities Exchange that it had suffered a $1.9 billion fall in FUMA in the September quarter.
It said FUMA as at September 30, 2008, were $27.5 billion compared to $29.4 billion at June 30, 2008.
AUTHOR
Mike Taylor
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