FandC hit by outflows of 20bn
F&C was hit by strategic partner outflows amounting to £20.3bn.
F&C was hit by strategic partner outflows amounting to £20.3bn.
F&C’s group assets under management fell by over £1bn in the final quarter of 2012 from £96.8bn to £95.2bn chiefly due to outflows from its institutional business.
Demand for metal from key markets around the globe has resulted in a surge of inflows for long copper ETPs, the latest data from ETF Securities shows.