Perpetual fourth quarter inflow
Recommendation
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
Perpetual has announced its fourth consecutive quarterly net inflow of funds, thanks mainly to 'two significant gains in the institutional channel into several equities strategies', which contributed to $0.3bn of institutional inflows offset by a net retail outflow of $0.1bn. The intermediary channel was neutral.
Funds under management (FUM) in the three months to 30 June were also affected by:
- an increase of $0.2bn due to asset appreciation;
- a decrease of $1.3bn due to distributions (some of which is expected to be reinvested in coming months); and
- a decrease of $0.3bn due to the sale of the New Zealand business of The Trust Company.
Overall, FUM averaged $31.2bn during the quarter and ended up at $29.8bn (due to the distributions, which happened at the end).
While it's slightly disappointing to see the retail channel produce another net outflow, after a couple of flat quarters, the overall performance continues to head in the right direction. The stock is up slightly since FUM's up for fund managers on 26 Jun 14 (Buy – $47.02). BUY.
Note: Our model Growth and Income portfolios hold shares in Perpetual.
Recommendation
Call 1300 880 160
Start a chat
Schedule a call
