PPS unch: 3Q Funds Under Administration (FUA) update from Praemium showed a turnaround in momentum for flows as has been the case across the platforms in recent updates. Total FUA rose to $43.7b, up 8% FYTD, while $223m of net flows were garnered in the quarter. Market performance also helped to boost the numbers, adding $581m in the period, while the bulk of flows came in their SMA product which tends to produce higher margins. Overall a solid update from Praemium which has been turning around performance after selling off its struggling International business.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Friday 9th May – Dow up +254pts, SPI up +3pts
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March

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