HUB24 (HUB)

Simon Turner

Senior Equity Analyst

6 am October 14, 2020


Prior close: $21.22

Fund flows remain strong

HUB24 released a quarterly fund flows report yesterday, which also included a business update. We discuss both below.

September quarter inflows

HUB24’s Funds Under Administration (FUA) grew 32% year-on-year to $19 billion during the September quarter, reflecting 10% inflow growth to $1.36 billion, with the balance due to market movements. For comparison, Netwealth (NWL) reported 34.4% FUA growth during the September quarter, with 29% inflow growth.

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