Also, the fund complex said that institutional investors have pulled out $4.4 billion net from funds, $1 billion from money market funds and $3.4 billion from other funds.
Managed assets dropped from $152 billion at the end of August to $146.5 billion at the end of September. Roughly $1.1 billion, or 20% of that asset decline, came from market depreciation, the company said. Recently, assets have risen with market gains, reaching $152.1 billion at the end of Tuesday.
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