Jefferies sees positive FY27 for units of Australia's Generation Development on upbeat FUM
23/07/2026 23:21
BUZZ-Jefferies sees positive FY27 for units of Australia's Generation Development on upbeat FUM ** Analysts at Jefferies say levels of funds under management (FUM) for two units of Australia's Generation Development GDG.AX represent a decent start for FY27
** The financial services firm said on Thursday FUM at its Evidentia unit stood at A$40.5 billion ($28.22 billion) as of June 30, up 37% from a year ago
** Its other unit, Generation Life, recorded FUM of A$5.95 billion as of June 30, up 35% year-on-year
** All 8 analysts covering the stock rate it "buy" or higher; their median PT is A$6.28 – data compiled by LSEG
** Stock down 22.2% YTD, as of last close
($1 = 1.4351 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
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