Challenger grows FUM
Challenger Financial Services group has grown its funds under management (FUM) by 14.9 per cent to total $22.1 billion as of 31 March.
In a statement released to the Australian Securities Exchange (ASX) today, Challenger said life assets under management had increased by 12 per cent to $6.6 million, while quarterly sales of annuities and associated products totalled $241 million.
The ASX announcement said unlisted funds under management or mandates rose by 32 per cent for the 12-month period.
AUTHOR
Mike Taylor
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