Perpetual's (ASX:PPT) total assets under management were AU$221.2 billion as of March 31, down 4% from AU$230.2 billion as of Dec. 31, 2024, according to a Tuesday Australian bourse filing.

The decrease was primarily driven by net outflows of AU$8.9 billion and negative currency movements of AU$900 million, marginally offset by favorable market movements of AU$700 million, the filing added.