Australia's Netwealth rises on higher funds under administration
16/07/2026 02:29
BUZZ-Australia's Netwealth rises on higher funds under administration ** Shares of Australia's Netwealth NWL.AX rise as much as 3.9% to A$24.070, their biggest intraday pct gain since July 7
** The financial services firm says total funds under administration of the firm stood at A$135.7 billion ($94.94 billion), as at June 30, 20% higher than prior corresponding period
** Adds total funds under management as at June 30 were A$34.6 billion, up 27.9% pcp
** Netwealth stock down 6%, YTD
($1 = 1.4294 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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