Perpetual grows FUM to $30.4 billion



Perpetual's acquisition of the Trust Company late last year helped lift its funds under management (FUM) by 9.4 per cent to $30.4 billion in the last quarter.
The December acquisition contributed $1.3 billion to Perpetual's FUM, which sat at $27.8 billion at the end of September 2013.
The remainder of the growth was attributed to both market appreciation and net inflows.
The market delivered $1 billion, which was slightly offset by $0.1 billion in semi-annual distributions.
It also collected $0.2 billion in the Australian equities asset class inflows and $0.2 billion in cash and fixed income.
Commenting on the results, Geoff Lloyd, CEO and managing director of Perpetual said: "This is our second consecutive quarter of net inflows for the financial year".
"This quarter's improvement in net flows in the intermediary and institutional channels has benefited from the consistent outperformance by our asset managers coupled with our reinvigorated sales and distribution strategy."
Recommended for you
Perpetual has appointed a new CEO for affiliate J O Hambro Capital Management, as it tries to stem outflows and refresh the brand.
Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly outflows for 2025 in August.
Domestic equity managers are lagging the ASX 200 in the first half of the year, according to S&P, with almost three-quarters of Australian equity funds underperforming over the six-month period.
ETFs saw almost $5 billion of inflows during August, with international equities gaining double those of fixed income funds, as total assets close in on $300 billion.