IN­COR­RECT STATE­MENT

Finweek English Edition - - INVESTMENT -

Some­times I get things wrong and look like the fool, last week was just such a time. Coronation As­sets Un­der Man­age­ment (AUM) was R522bn for pe­riod end­ing De­cem­ber 2013. I in­cor­rectly said that AUM for De­cem­ber 2012 was R492bn when in fact that num­ber was the AUM for the f inan­cial year end­ing Septem­ber 2013. So rather than 6% growth over 12 months (worse than mod­est) it was 6% AUM growth over one quar­ter.

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