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The outflows weighed on profit.
Did Mr Greenspan cut rates to slow the outflows?
The outflows are largely to avoid or evade tax and to conceal wealth.
And what is Scudder Kemper Investments doing to stem the outflows?
After a year with dismal corporate profits, a shaky economy and accounting scandals, the outflows were not a surprise.
Terrible," Roger Smith, an analyst at Fox-Pitt, Kelton, told Reuters of the outflows and the earnings overall.
To offset the outflows, M&G had cut costs by 8% "around compensation, marketing and good housekeeping", Richards said.
But the outflows from Japan funds in recent years have raised the possibility that some of them may not endure.
The outflows further reduced existing standards, because migrants included the most qualified teachers, especially those with vocational and technical skills.
The outflows have dragged down the exchange rates of almost every emerging economy since the beginning of August.
A persistent current-account deficit also means that the outflows from India have been especially pronounced in recent months.
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