Positive start to FY22 and well positioned for strong growth.
- Group assets under management $113 billion, up 3% for the quarter
- Life sales up 32% and 3.4% Life book growth for the quarter2
- Funds Management FUM up 2% for the quarter, including $1.4 billion of net flows
- Bank acquisition accelerating growth through direct-to-customer reach
Challenger Limited (ASX: CGF) today reported its first quarter results, with Group assets under management (AUM) increasing 3% for the quarter, driven by strong Life book growth and Funds Management net flows.