IOOF Reports Net Inflows of $1.2 billion in the Quarter

  • Jan 30, 2020 AEDT
  • Team Kalkine

IOOF Holdings Limited (ASX: IFL) reported Funds under Management, Advice and Administration (FUMA) of $145.7 billion as at 31 December 2019, an increase of 5.2% or $7.2 billion compared to 30 June 2019. The company has reported its highest quarterly net inflows since the June 2018 quarter.

Net flows for the quarter to 31 December 2019:

  • Advice: $939 million net inflow;
  • Portfolio & Estate Administration: $360 million net inflow;
  • Investment Management: $145 million net outflow.

At AEDT 01:09PM, the stock was trading at $7.790 per share, down by 0.891% from its previous close.

 

 

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