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Perpetual Limited ( (AU:PPT) ) has provided an update.
Perpetual Limited released its second quarter business update, revealing a mixed performance across its divisions. The Asset Management division saw a 3.6% increase in assets under management to A$230.2 billion, largely due to positive currency movements, though it faced challenges from a decline in global and US value indices and net outflows. The Corporate Trust and Wealth Management sectors experienced growth in funds under administration and advice, with increases of 2.5% and 1%, respectively, largely driven by favorable market conditions.
More about Perpetual Limited
Perpetual Limited is a company operating in the financial services industry, providing asset management, corporate trust, and wealth management services. The company focuses on managing assets and offering financial advisory services to a diverse range of clients.
YTD Price Performance: 8.55%
Average Trading Volume: 196
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.46B
Learn more about PPT stock on TipRanks’ Stock Analysis page.
