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An announcement from Contango Asset Management Ltd. ( (AU:APL) ) is now available.
In its quarterly activity report, Associate Global Partners Limited announced significant net inflows of $289.6 million, marking the highest quarterly inflow since its transition to a third-party distributor in 2017. Funds Under Management (FUM) increased by 36% over the quarter to $1.721 billion, driven by a successful capital raising by WCM Global Growth Limited and continued allocations to the Vinva Fund. Despite volatile market conditions, WCM Investment Management’s strategies outperformed their benchmarks, highlighting the robustness of its investment process. The company’s operational cash inflows and improved cash balance reflect a strong financial position, reinforcing its market presence and potential for growth.
More about Contango Asset Management Ltd.
Associate Global Partners Limited operates in the financial services industry, focusing on the distribution of investment products. The company transitioned from a manufacturer to a third-party distributor in 2017, offering a diverse suite of products including global equities and microcap funds, with strong relationships with advisers and investors.
YTD Price Performance: -6.25%
Average Trading Volume: 33,347
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.47M
See more insights into APL stock on TipRanks’ Stock Analysis page.
