Please rephrase question - increases to what reference point? I'm sure that the guidance figure assumed their need to employ every man and his dog and the ever increasing revenues, but they must have had a limit to the range of the All Ords at Dec 31. I'm just saying that this quarter they may be wrong in their estimates of the overall market index. Please note, I did make an error in assuming they will charge 1.35% as fees (that is the figure for the full year) so it should be about 0.7% of FUM for the 1/2 year period. Anyway still expect a modest revision upwards.
All ords to drive up profit guidance, page-3
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