HUB -2.38%: HUB also produced a good set of numbers on a weak day today and despite the shares trading lower, their quarterly update was a cracker with the investment platform recording its third consecutive quarter of record net flows of $3.9bn which is +259% YoY & +104% QoQ). James Bisinella had this to say… HUB has put on another record of net flows in 4Q21 of $3.9bn, including a $1.4bn large transition from ClearView. This brings FY21 total net flows to $8.9bn. HUB has managed to add all of FY19 net flows ($3.9bn), in a single quarter. This is demonstrable of a significant acceleration and step change for a high quality group which has the potential to become a behemoth in the long term in our view. The result represented a material beat to Shaws expectations.
We remain bullish HUB
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