The Generation Development Group (ASX: GDG) share price is in focus after the company reported a 29% jump in group funds under management (FUM) to $48.1 billion and record quarterly inflows for both Generation Life and Evidentia Group in the September 2026 quarter.
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What did Generation Development Group report?
- Group FUM rose 29% on the previous corresponding period (PCP) to $48.1 billion
- Generation Life FUM up 33% to $6.38 billion, with record quarterly sales inflows of $518 million (up 57% on PCP)
- Evidentia Group FUM up 28% to $41.7 billion, with quarterly net inflows of $1.54 billion
- Lonsec iRate subscribers increased 13% year on year to 5,900
- Generation Life captured a record 66% market share of quarterly investment bond inflows
- LifeIncome/Annuities delivered its strongest quarter since launch, with sales up 71% on PCP
What else do investors need to know?
Both Generation Life and Evidentia Group maintained strong momentum despite a softer industry backdrop. Generation Life achieved another record in adviser-led sales and continued to broaden its adviser network and product access.
Evidentia outpaced industry managed accounts growth, expanding FUM at 1.6 times the sector's rate and securing notable new client mandates. The group also welcomed new Evidentia CEO Louise Watson, with an emphasis on scaling up distribution and operational efficiency.
Lonsec maintained high demand for its research and ratings services, and broadened its offering with the launch of Lonsec Governance Solutions, meeting increasing client needs for investment governance and oversight.
What did Generation Development Group management say?
Grant Hackett OAM, Group Chief Executive Officer, said:
GDG delivered another strong quarter despite softer industry conditions and more cautious investor and adviser activity. Performance was underpinned by strong client and adviser relationships, market-leading positions and diversified exposure across investment bonds, managed accounts and investment research and governance.
What's next for Generation Development Group?
The group signalled continued investment in technology, digital capability and product development, aligning with its strategy for long-term sustainable growth. Evidentia and Generation Life will focus on scaling their operating platforms, deepening client relationships, and expanding distribution.
Management remains confident that the diversified business model and market-leading positions put GDG in a strong position for ongoing shareholder value creation. They will continue to target operational efficiency and disciplined executive of their strategy.
Generation Development Group share price snapshot
Over the past 12 months, Generation Development Group shares have declined 59%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.
