Strong Inflow momentum continues for Praemium

Praemium is getting increasing market attention as a global leader in the provision of investment administration, Separately Managed Accounts, and financial planning technology platforms. It has just announced very strong quarterly gross inflows of A$494m, which has helped lift total Funds under Administration to A$5.1 billion as at 30 September 2016. Strong inflow momentum continues and while our forecasts of A$6.6 billion may be under some pressure due to translation impacts on reported AUD FUA levels, this is reasonably expected to be offset by a favourable translation impact on trading losses currently being incurred by the international operations. We remain positive on PPS and our recommendation remains BUY. Click here for Canaccord’s updated research on Praemium: (VIEW LINK)