IOOF (ASX:IFL) grows FUMA by 3% to $142.7b in 3 months
IOOF (ASX:IFL) grows Funds under Management, Advice and Administration (FUMA) by 3 per cent to $142.7 billion in 3 months to 30 September 2019.
This represents an increase of 3.1 per cent or $4.2 billion, compared to 30 June 2019 (excludes Ord Minnett as the divestment was completed on 24 September 2019).
IOOF say they continued to experience solid net flows in an extremely challenging operating environment for the industry.
Shares in IOOF (ASX:IFL) trading 2.9 per cent higher at $7.76.
Copyright 2019 – Finance News Network
Source: Finance News Network
