"Funds under management ("FUM") decreased by 5% from 30 June 2011 to £116.1 billion at 30 September 2011. Equity markets ended the period down over 15% and were volatile due to continued concerns over European sovereign debt and European bank capital levels. Our Long-Term Savings division ("LTS") achieved positive net client cash flow ("NCCF") of £1.4 billion, driven by strong retail flows and flows in our non-South African Emerging Markets businesses."
