Australia's Generation Development soars on strong funds under management growth
23/07/2026 02:21
BUZZ-Australia's Generation Development soars on strong funds under management growth ** Shares of Australia's Generation Development GDG.AX gain as much as 33.5% to A$4.460, their biggest gain since August 13, 2009
** Financial services firm says its unit Evidentia's funds under management grew to A$40.5 billion ($28.33 billion) as at June 30, up 37% from a year earlier
** Its other unit, Generation Life's FUM grew to A$5.95 billion as at June 30, up 35% on year
** Stock down 25.3% YTD
($1 = 1.4296 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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Australia's Generation Development soars on strong funds under management growth