Essentially, it is a factor of market movements. Market was very volatile during the month of March. So naturally, the market has an impact on the NAV and consequently on the AUM.
Citi downgrades US stocks to ‘neutral’ as AI sell-off, regulatory risks mount
Citigroup strategists have downgraded US equities to neutral due to ongoing market volatility and regulatory concerns. This decision follows a significant sell-off that erased $3