Perpetual Ltd
PPT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$65.50 | Xfwfhn | Pvndfkx |
Perpetual: Latest Update a Letdown, but Investment Merits Remain
Narrow-moat Perpetual’s latest funds under management, or FUM, update was uninspiring, with net outflows more than expected. This contrasts with the generally improving flows reported by other asset managers and investment platforms in the March quarter of fiscal 2024, driven by prospects of interest-rate cuts.