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The latest update is out from Contango Asset Management Ltd. ( (AU:APL) ).
Associate Global Partners Limited reported a 4% decline in Funds Under Management (FUM) to $1.650 billion for the quarter ending March 31, 2025, due to weaker global equities markets and market volatility. Despite this, the company achieved positive operating cash inflows for the second consecutive quarter and increased its cash balance to $4.616 million while reducing loan debt. The company’s diversified product suite and strong relationships with advisers and investors helped offset some outflows, highlighting its resilience in a volatile market.
More about Contango Asset Management Ltd.
YTD Price Performance: -6.25%
Average Trading Volume: 40,382
Technical Sentiment Signal: Buy
Current Market Cap: A$8.47M
For a thorough assessment of APL stock, go to TipRanks’ Stock Analysis page.