Praemium (PPS) FUA update impresses
PPS +2.67%: PPS rallied again today on some decent quarterly flow numbers, seeing Funds Under Administration (FUA) up 11% in the quarter, taking the company’s totally to $37.9b. The growth in international holdings was a big driver of the growth, and it is key to the company’s financial performance near term as they push towards break even on the international side.