BUZZ-Australia's Generation Development hits record high on FUM growth

Reuters

2025/01/22

** Shares of Generation Development GDG.AX rise 5.3% to a record high level of A$4.310

** Pooled development fund co says its total funds under management as at Dec, 2024 is A$3.84 bln ($2.40 bln), up 31% pcp

** GDG marks its biggest intraday gain since late Oct, 2024 - if trends hold

** 537,706 shares change hands, 1.6 times the 30-day average of 328,647

** Stock rose 112% in 2024

($1 = 1.5972 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeepSameer.Manekar@thomsonreuters.com;))

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