Perpetual

Perpetual has reported funds under management of $23.6bn at the end of September, up from $22.6bn at the end of June. The $1.0bn increase is the net result of investment growth of $1.6bn and a $600m outflow of funds. Of that, about $150m relates to the scheduled winding down of mortgage funds, about $150m relates to cash and fixed interest funds and about $300m relates to Australian equity funds. The total outflow of $600m compares with an outflow of $2.0bn in the September quarter of last year, so does technically support management’s assertion that outflows are falling. However, last...

Perpetual has reported funds under management of $23.6bn at the end of September, up from $22.6bn at the end of June.

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