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HUB - Hub24 News Story

A$17.57 -0.2  -1.2%

Last Trade - 18/09/20

Sector
Financials
Size
Mid Cap
Market Cap £622.0m
Enterprise Value £606.4m
Revenue £62.7m
Position in Universe 245th / 1828

BUZZ-Australia's Hub24 hits 9-month peak on record inflows in June quarter

Mon 20th July, 2020 2:03am
** Financial service co Hub24 Ltd  HUB.AX  rises as much as
3.7% to A$13.250, hitting its highest since last October
    ** HUB posts funds under administration of A$17.2 bln
($12.04 bln), as at June 30, an increase of 14% due to strong
inflows and favourable market movement  urn:newsml:reuters.com:*:nFWN2EO0TF
    ** Co says it experienced record inflows in June quarter of
A$1.1 bln, 11% higher than a year earlier
    ** Co, which provides investment banking, pension planning
and brokerage services, says it is seeing high inflows due to
client transitions from incumbent platforms
    ** A number of top Australian wealth managers were caught in
financial scandals that came to light in 2018 and have been
remediating customers ever since, after a government inquiry
into the sector found widespread misconduct 
    ** Stock up 14.5% this year, as of last close

    ($1 = 1.4286 Australian dollars)

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))
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