Equity market weighs on Perpetual

Wealth manager's funds under management fall in June quarter.

Wealth manager Perpetual Ltd has blamed a weaker equity market for the drop in funds under management during the June quarter.

Perpetual funds under management (FUM) fell 2.7% to $25.3 billion, from $26 billion in the March quarter, as the Australian share market's ASX200 index suffered a 3.3% slide.

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