Australia's Generation Development hits record high on FUM growth
22/01/2025 04:04
** Shares of Generation Development GDG.AX rise 5.3% to a
record high level of A$4.310
** Pooled development fund co says its total funds under
management as at Dec, 2024 is A$3.84 bln ($2.40 bln), up 31%
pcp
** GDG marks its biggest intraday gain since late Oct, 2024
- if trends hold
** 537,706 shares change hands, 1.6 times the 30-day average
of 328,647
** Stock rose 112% in 2024
($1 = 1.5972 Australian dollars)
(Reporting by Manasi Dasa Sundeep in Bengaluru)
((Manasi.DasaSundeepmailto:Sameer.Manekar@thomsonreuters.com;))
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