An announcement from Generation Development Group Limited ( (AU:GDG) ) is now available.
Generation Development Group has announced significant growth in its investment bonds business, with a 29% sales growth and 27% growth in funds under management. The company recently acquired Evidentia Group and merged it with Lonsec Investment Solutions, resulting in a combined funds under management of over $25 billion, strengthening its position in the managed accounts sector.
More about Generation Development Group Limited
Generation Development Group is a highly diversified and rapidly growing financial services company in Australia, with leading market positions in investment bonds, investment-linked lifetime annuities, research and ratings, and managed accounts sectors. The company benefits from strong regulatory tailwinds and market opportunities, focusing on structural changes in wealth management and retirement income sectors.
YTD Price Performance: 41.46%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.08B
See more insights into GDG stock on TipRanks’ Stock Analysis page.