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Income Asset Management Group Limited ( (AU:IAM) ) has provided an update.
Income Asset Management Group Limited has identified suspected fraudulent transfers from a bank account managed by its former minority sub-custodian. These transfers did not involve client funds or assets, and the company has taken steps to notify insurers and maintain operations without disruption. The company has moved its bond administration to Perpetual Corporate Trust and is committed to transparency with stakeholders as investigations continue.
The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.
More about Income Asset Management Group Limited
Income Asset Management is a full-service investment house specializing in bond and loan markets. The company provides investors, advisers, and portfolio managers with a platform for researching, executing, and managing income investments. With over $2.6 billion in funds under administration, IAM offers debt origination advice, execution, and investment advice to advisers and direct investors.
Average Trading Volume: 1,658,835
Technical Sentiment Signal: Hold
Current Market Cap: A$37.23M
For a thorough assessment of IAM stock, go to TipRanks’ Stock Analysis page.