Perpetual Limited (AU:PPT) has released an update.
Perpetual Limited reported a mixed financial performance for the fourth quarter ending June 30, 2024, with its Corporate Trust and Wealth Management divisions showing steady results, while Asset Management saw a decline in AUM to A$215 billion due to net outflows, market volatility, and unfavorable currency movements. Despite these challenges, the company highlighted robust investment performance with the majority of its strategies outperforming over the past three years and noted strong beginnings for the September quarter with new institutional client commitments.
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