Insignia Financial's Funds Under Management, Administration Rise Nearly 3% in Fiscal Q1; Shares Down 3%

MT Newswires Live10-24

Insignia Financial's (ASX:IFL) funds under administration came in at AU$228.8 billion in the first quarter of fiscal 2025, up 3.1% on the prior three-month period, according to a Thursday filing with the Australian bourse.

The company attributed the increase to positive market movement of AU$8.3 billion, partially offset by pension payments of AU$970 million and net outflows of AU$537 million.

Meanwhile, funds under management rose 1.6% to AU$90.8 billion.

Total net outflows for the quarter were AU$1 billion.

Overall, funds under management and administration rose 2.7% to AU$319.6 billion as of Sept. 30.

Insignia Financial's shares were down almost 3% in recent Thursday trade.

Price (AUD): $2.99, Change: $-0.09, Percent Change: -2.92%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment