Shares in BT Investment soared after reporting strong growth in funds under management.
A short time go, the fund manager’s shares were up 5.5% to $10.70.
In the three months to the end of March, BT’s funds under management hit $91.2 billion, up 4.8% on the December quarter.
The company says the net inflow for the quarter was $2.7 billion. The rest of the $4.2 billion rise was investment performance and market movement.
The rise meant an increase of $9.7 million in annualised fee income.