Perpetual Assets Under Management Slip to A$219.2 Billion in Q3 Update

Perpetual (PPT.AX, PVQ.F) has released its business update for the third quarter, revealing a contraction in its total assets under management (AUM). As of March 31, 2026, the firm's AUM stood at A$219.2 billion, marking a 3.6% decrease from the A$227.5 billion reported on December 31, 2025. The company attributed the decline largely to external macroeconomic pressures. Specifically, unfavorable currency movements resulted in a A$3.6 billion reduction in the total asset base over the three-month period. In addition to currency volatility, the firm faced capital departures. Perpetual reported net outflows of A$2 billion, further contributing to the overall decrease in managed assets. While the decline reflects a challenging quarterly environment, the impact is largely tied to currency fluctuations rather than a systemic collapse in client confidence. Investors will likely monitor whether these outflows persist into the next quarter or if currency stabilization can recover the AUM baseline.