Pendal Group Limited (ASX: PDL) has provided update on the funds under management for the quarter ended 31 December 2019. During the period, net outflows were recorded at $1.3 billion.
- Total funds under management (FUM) for the quarter were $101.4 billion, up 1% or $1 billion.
- Annualised effect of the quarterly net outflows on fee income is a decrease of $8.9 million.
- J O Hambro Capital Management’s FUM increased $1.1 billion.
By 12:56 PM AEDT, PDL was trading at $8.81, down by 2.0% from the previous close.
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