Fund Flow Insights: Diverging gap between fund flows and performance

Research evidence excerpt

Fund Flow Insights: Diverging gap between fund flows and performance

ch is regulated by Komisja Nadzoru Finansowego. Biuro

Maklerskie Banku Handlowego (DMBH), ul.Senatorska 16, 00-923 Warszawa.

The Product is made available in Singapore through Citigroup Global Markets Singapore Pte. Ltd. (“CGMSPL”), a capital

markets services and Exempt Financial Advisor license holder, and regulated by Monetary Authority of Singapore. Please

contact CGMSPL at 8 Marina View, 21st Floor Asia Square Tower 1, Singapore 018960, in respect of any matters arising from,

or in connection with, the analysis of this document. This Product is intended for recipients who are accredited, expert and

institutional investors as defined under the Securities and Futures Act 2001. For Citi Private Bank, the Product is made

available in Singapore by Citi Private Bank through Citibank, N.A., Singapore Branch. Citibank N.A., Singapore Branch is a

licensed bank in Singapore that is regulated by the Monetary Authority of Singapore. Please contact your Private Banker in

Citibank N.A., Singapore Branch if you have any queries on or any matters arising from or in connection with this document.

The Product is intended for recipients who are accredited, expert and institutional investors as defined under the Securities

and Futures Act 2001. For Citibank Singapore Limited (“CSL”), the Product is distributed in Singapore by CSL to selected

Citigold/Citigold Private Clients. CSL provides no independent research or analysis of the substance or in preparation of the

Product. Please contact your Citigold//Citigold Private Client Relationship Manager in CSL if you have any queries on or any

matters arising from or in connection with this document. The Product is intended for recipients who are accredited investors