GREY:GLUSF - Post by User
Comment by
porksnifferon Jan 21, 2019 10:02am
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Post# 29258913
RE:AUM dropped $700,000,000 in a Q ?
RE:AUM dropped $700,000,000 in a Q ?Ogopogo007 wrote: Gluskin Sheff + Associates Inc. (the “Company”) announces Assets Under Management (“AUM”) of $8.2 billion, as at December 31, 2018
Estimated Assets Under Management as at September 30, 2018, were $8.9 billion,
That's a pretty big ouch, withdrawls + portfolio performance is my guess. Wonder how safe the div is?
Have you checked your portfolio lately? What do you mean, 'my guess'. They described exactly that in the press release. Oct 1 to Dec 31 was a brutal quarter and market was down nearly 20%. No one was immune. The net withdrawls could be some investor panic but the performance isn't really surprising as every asset class got hammered. Div should be safe but we can forget any special dividends for a while.The question is where is the bottom to the AUM decline.