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Investment management firm $LM's AUM at March 31, 2016 fell 4.7% versus March 31, 2015. Total net client outflows were $26.1Bil. FY16 operating revenue fell 6%, mainly due to a decrease in operating revenue yield, a decrease in average AUM, and a dip in performance fees.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!