Generation Development Group's Funds Under Management Rise 23% in March Quarter; Shares Down 15%

MT Newswires Live

2025/04/24

Generation Development Group (ASX:GDG) recorded funds under management (FUM) of AU$3.95 billion at the end of the March quarter, up over 23% from AU$3.21 billion a year earlier, according to a Thursday filing with the Australian bourse.

The company logged record sales inflows of AU$238.7 million, a 55% surge from AU$154.1 million.

The newly combined Evidentia Group FUM rose to AU$26.8 billion, up 39% year on year, the filing stated.

Generation Development's shares fell nearly 15% in recent Thursday trade.

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