11th Dec 2020 16:52
Nucleus Financial Group PLC - Edinburgh-based financial wrap platform - As at December 9, assets under administration amount to GBP17.3 billion, a 7.5% rise from GBP16.1 billion at the end of September.
For the fourth quarter of 2020 to date, reports GBP388 million in gross inflows and GBP222 million outflows, leading to net inflows of GBP166 million.
"We came into 2020 in great shape and as flows dipped through the height of the pandemic, we chose to maintain our focus and continue to invest in the things that make the greatest difference to our users, in the expectation that momentum would return as it has. The recovery in net inflows re-establishes the positive momentum from the start of the year and for the period 1 October to 9 December 2020 they are up 50% on the same period in 2019 and already more than double the net inflows for the whole of Q3 2020," said Chief Executive Officer David Ferguson.
Current stock price: 172.00 pence
Year-to-date change: up 0.9%
By Dayo Laniyan; [email protected]
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