Generation Development Group (ASX:GDG) said March quarter funds under management (FUM) increased 30% year on year to AU$34.8 billion, with market movements reducing FUM by AU$1.1 billion during the quarter, particularly in March due to the Middle East conflict, according to a Wednesday Australian bourse filing.

The company said net inflows were AU$1.4 billion, including the transition of a mandate worth about AU$300 million, with annual sales of AU$1.42 billion to March 31, up 58% since March 31, 2025.

The company added that the transition of the Xplore/HUB24 portfolio commenced on April 17, with completion revised to May and expected to involve more than AU$1.5 billion of FUM.