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Netwealth Group Provides June 2019 Quarterly Business Update

11 Jul 2019  |  09:00:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: June 2019 Quarterly Business Update

Netwealth Group provided June 2019 quarterly business update. It reported that the funds under administration (FUA) is of $23.3bn at 30 June 2019, an increase of $2.3bn for the June quarter and $5.4bn for FY 2019. FUA net inflows in the June 2019 quarter is of $1.5bn. The market movement in the quarter is accounted for the further $0.8bn increase in FUA. FY 2019 FUA net inflows is of $4.3bn.

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