HUB 24 Reports Strong Q1 Numbers

1 min read | October 10, 2019 07:09 PM PDT | By Team Kalkine Media

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HUB 24 Limited (ASX: HUB) witnessed record net inflows in September quarter with strong growth in Fund Under Administration (FUA). The company is recruiting to expand distribution team and establish managed portfolio technology team.

Net inflows were $1,238 million, representing average monthly inflow of $413 million against $324 million in FY 2019.
FUA up by 57% over previous corresponding period (pcp), reached $14.4 billion at 30 September 2019.
HUB 24 signed 20 new agreements that include large boutique licensees, self-licensed and advisors.

By 12:37 PM AEST, HUB was trading at $12, up by 1.87% relative to the last close.

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