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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