Stock of the day: Netwealth record $22 billion inflow in FY24 amid growing ETF popularity
Discover how Netwealth's $22 billion net inflow in FY24 and a 38% rise in funds under management are impacting investment strategies. Explore expert opinions on holding or adjusting positions in this competitive market.
[AI generated]
Stock of the day: Netwealth (ASX: NWL)
Record inflows amid growing ETF trend
Netwealth, an investment platform, has reported a significant $22 billion net inflow in FY24, marking a 25.2% increase from the previous year. Additionally, funds under management saw a notable 38% rise in the June quarter. This impressive performance has boosted stock prices, prompting analysts to discuss whether to hold or adjust positions.
While some experts recommend holding the stock due to its robust growth and strategic initiatives, others advise trimming profits due to potential margin pressures in a highly competitive market. The discussion also highlights the increasing popularity of ETFs for their simplicity and lower fees, benefiting platforms like Netwealth.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Explore the markets with our free course
Discover the range of markets you can trade CFDs on - and learn how they work - with IG Academy's online course.
Turn knowledge into success
Practice makes perfect. Take what you’ve learned in this shares strategy article, and try it out in your demo account.
Ready to trade shares?
Put the lessons in this article to use in a live account. Upgrading is quick and simple.
- Trade over 13,000 popular global stocks
- Protect your capital with risk management tools
- Deal on 70 key US stocks out-of-hours, so you can react to news
Inspired to trade?
Put the knowledge you’ve gained from this article into practice. Log in to your account now.
Live prices on most popular markets
- Forex
- Shares
- Indices
