All Ords growth sees Perpetual’s FUM rise
Solid growth of the All Ordinaries Index has been a key factor in driving Perpetual Limited's funds under management (FUM) up to $30.9 billion in the last quarter.
In an announcement to the Australian Securities Exchange (ASX), Perpetual reported a $2.5 billion rise in FUM in the December 2015 quarter, including net inflows of $800 million.
"The largest contributor to the change in FUM over the quarter was market appreciation with the All Ordinaries Index up 5.7 per cent over the quarter, increasing FUM by $1.7 billion," the company said.
Perpetual revealed it has $22.2 billion in Australian equities, $1.3 billion in global equities and $300 million in listed investments, with a further $6.1 billion in cash and fixed income, and $1 billion in "other" investments.
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