Pretty good report. I think the would be better served by saying...

Pretty good report. 

I think the would be better served by saying what the % performance of their most popular portfolio over the same period as some participants in the market will just see the negative FUM number and draw a wrong conclusion that their business is contracting.

Personally it would be good if they could have a Cash+ type investment option rather than just "Conservative" - which still has small exposures to growth markets. I think some people would like to use it as a savings tool "out of mind, out of sight" approach, which goes in line with their original marketing.