MA Financial Group (ASX:MAF) posted a 25% year-over-year increase in gross fund inflows to a record AU$1.59 billion in the first nine months of 2024 amid strong investor interest in the group's private credit funds.
Assets under management likewise rose to AU$9.9 billion in the third quarter from AU$8.9 billion the previous, according to a Wednesday filing with the Australian bourse.
The company has exchanged for sale the Arndale retail shopping center in Adelaide for AU$128 million and is slated for settlement in late fiscal 2024 or early fiscal 2025.
MA Financial Group shares rose nearly 3% in recent Wednesday trade and earlier hit their highest since April 2022.
Price (AUD): $6.41, Change: $+0.17, Percent Change: +2.72%
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