Generation Development Group Limited (AU:GDG) has released an update.
Generation Development Group has reported a robust 29% year-over-year increase in Funds Under Management, rising to $3.2 billion as of March 2024, with a significant quarterly growth of $279 million. The company experienced a 50% surge in quarterly sales inflows compared to the previous year, with CEO Grant Hackett OAM highlighting a record March result and positive market indicators for sustained growth. Despite traditionally softer third-quarter inflows, Generation Life’s performance and product enhancements suggest strong sales momentum heading into the second half of the year.
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