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%
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