Challenger boosts assets, FUM

Investment management firm lifts total group assets, funds under management.

Investment management firm Challenger Limited has lifted its total group assets and funds under management to $49.5 billion in the March quarter, a 21% increase on the position a year ago, and a 1 per cent increase on the previous quarter.

Life annuity sales increased 29 per cent to $496 million, while retail annuity sales gained 35% $478m.

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