First quarter update
Market Announcement
Challenger Limited (ASX:CGF) today reported its first quarter AUM, annuity sales and net flows.
Total Life sales were $2.4 billion driven by strong sales in retail lifetime annuities, Japanese annuities and Challenger Index Plus, and lower fixed term annuity sales. Group AUM was up 1% for the quarter driven by Funds Management FUM growth from positive investment market movements.