SBI Rheos Hifumi (TYO:165A) reported a 17.7 billion yen drop in assets under management to 1.275 trillion yen for March, according to a Monday filing on the Tokyo Stock Exchange.
The decline was attributed to a 14.5 billion yen investment loss and 3.1 billion yen in net outflows.
Publicly offered investment trusts now account for 1.143 trillion yen, while investment advisory services contribute 131.7 billion yen to the total AUM.
Shares of the company gained nearly 2% in morning trade Tuesday.
Price (JPY): $181.00, Change: $+4.0, Percent Change: +2.26%
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