Perpetual (ASX:PPT) said total assets under management (AUM) fell 3.6% to AU$219.2 billion as of March 31 from AU$227.5 billion as of Dec. 31, 2025, according to a Wednesday Australian bourse filing.

The decrease was due to unfavorable currency movements of AU$3.6 billion, net outflows of AU$2.8 billion, and negative market movements of AU$1.9 billion.

The company's J O Hambro Capital Management's AUM saw the biggest fall, with a nearly 11% decline compared with the December quarter.

The company's average AUM was lower at AU$225.3 billion in the March quarter, compared with AU$230.8 billion in the December quarter, the filing added.

Corporate Trust's total funds under administration (FUA) grew to AU$1.32 trillion as of March 31, up 0.3% on the December quarter, while Wealth Management's total FUA fell 4% to AU$21.1 billion, impacted by negative market movements of AU$800 million, with net flows flat.

Perpetual reconfirmed its total expense growth guidance for fiscal 2026 of about 1% to 2% for the year.