Hub24 Limited (ASX: HUB) reported record net inflows of AU$4 billion for the September quarter, as outlined in its recent trading update. The investment platform business also reached a total funds under administration (FUA) of AU$113 billion as of September 30. Hub24 remains confident in achieving its FY25 FUA target, which ranges between AU$115 billion and AU$123 billion. The company’s shares have surged over 70% this year, currently trading at AU$63.41 apiece at the time of writing. Hub24's strong performance reflects positive investor sentiment and growth in its platform business, solidifying its market position.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
