Perpetual Ltd

PPT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$17.50	Spdjcg	Gmzrpypl

Perpetual: Latest Update a Letdown, but Investment Merits Remain

Shaun Ler

Apr 26, 2024

Narrow-moat Perpetual’s latest funds under management, or FUM, update was uninspiring, with net outflows more than expected. This contrasts with the generally improving flows reported by other asset managers and investment platforms in the March quarter of fiscal 2024, driven by prospects of interest-rate cuts.

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