Netwealth, Hub24 Off to a Strong Start in FY 2025 -- Market Talk

Dow Jones10-09

2200 GMT - Australian wealth management platforms Netwealth and Hub24 appear to have enjoyed a strong start to FY 2025, according to Wilsons. It cites an aggressive rally by domestic equities in the latter half of 1Q, and expects flow activity will remain robust as investors retain an appetite for risk. "In the first five weeks of 1Q, Netwealth highlighted that Funds Under Administration had increased some A$1.6 billion since the end of June with A$1 billion through July," analyst Cameron Halkett says. "This was particularly eye-watering to us given all tracked indices in AUD were down through the quarter, suggesting like peer Hub24, Netwealth had started the quarter extremely well." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 08, 2024 18:00 ET (22:00 GMT)

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It cites an aggressive rally by domestic equities in the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUB.AU","symbol_name":"HUB24 LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474282919","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474282919","pubTimestamp":1728424800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2200 GMT - Australian wealth management platforms Netwealth and Hub24 appear to have enjoyed a strong start to FY 2025, according to Wilsons. 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