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Company News Summary

IOOF Holdings Provides Q4 FY2021 Business Update

28 Jul 2021  |  17:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: IOOF Q4 FY2021 Business Update

IOOF Holdings provided an quarterly business update covering the three months ended 30 June 2021 (Q4 FY2021). The company's Funds Under Management, Advice and Administration (FUMA) as at 30 June 2021 was $213.3 billion, up $9.4 billion over Q4 FY2021. MLC Assets Under Management and Funds Under Administration (AUM/FUA) were $301.2 billion, up $11.4 billion over Q4 FY2021. The company had reported uplift of $5.3 billion in market movement due to market conditions. The company also stated that its Portfolio & Estate Administration achieved net inflows of $606 million during the quarter, and total Funds Under Administration (FUAdmin) in this segment increased by $2.4 billion, up 5.2%, to $48.4 billion, including organic inflows and market movements.

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