Mutual fund AUM and investor folios saw multi-year low growth in 2025 due to subdued stock market performance and a high base from previous years. Equity AUM growth halved, while overall AUM increased by 20% and folios by 16%, reflecting cautious investor sentiment.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,