Praemium posts 87% growth in annual inflows

Praemium has reported quarterly inflows of $1.25 billion, including $690 million into its separately managed accounts (SMA) scheme, while its annual inflows stood at $4.9 billion in the calendar year of 2021.

According to the company’s December quarterly update, the annual inflows represented 87% growth compared to the prior year.

It also saw record total funds under administration (FUA) which stood at $49 billion. At the same time, the firm recorded record FUA for its both Australian and international platforms.

Net inflows for the Australian platform were $937 million and net inflows for its international counterpart stood at $311 million.

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Source: Praemium posts 87% growth in annual inflows | Money Management