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MA Financial sees positive momentum in the second half of 2022
MA Financial Sydney Office Terrace
Published 3 November 2022
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Ahead of its participation in several upcoming investor conferences, MA Financial Group Limited (“the Group”; ASX: MAF) updates on key 2H22 operational highlights to date, as outlined below.

  • Gross fund inflows of $733 million into Asset Management funds from 1 July to 1 November (2H22 to date), up 36% on the same period in 2H21.
  • 2H22 to date net inflows of $510 million were up 10% on the prior corresponding period.
  • 87% of 2H22 to date gross inflows were non-migration related with domestic inflows up 7% and international non-migration inflows up 134% on the prior corresponding period.
  • FY22 gross fund inflows to 1 November of $1.3 billion, are up 14% compared to the same period in FY21 despite the volatile market conditions and COVID-related restrictions impacting migration flows.
  • Credit Investing strategies have attracted considerable interest given volatile market conditions and interest coupons offered to investors are largely linked to official interest rates.
  • Assets under Management (AUM) grew to $7.6 billion on 1 November 2022, which compares to $6.6 billion at 1 November 2021.
  • Our mortgage aggregation and technology platform business, Finsure, has added over 170 brokers to its platform over 2H22 to date, taking total brokers on platform to 2,582. This is up 24% on the 2,080 brokers on platform at October 2021. We have continued to offer new services and improved technology to our clients over the year.
  • Finsure managed loans rose to $87.6 billion at 30 September 2022, up from $84.0 billion at 30 June 22 and $60.8 billion at 30 September 2021.
  • Reflecting our broader strategy and significant investment into residential lending we have rebranded MKM Capital to MA Money. This is an important step as part of our vision for MA Money to become a significant player in the $1.2 trillion residential loan market across a wide range of residential loan products including mainstream home loans.

Reflective of the Group’s ongoing positive performance and strong capital position, the Board of MA Financial approved a $25 million on-market buyback that was announced on 20 October 2022.

The Group reconfirms its FY22 guidance for 30% to 40%.1 Underlying earnings per share growth on FY21.

Julian Biggins, Joint CEO of MA Financial commented, “The strength of the business across all three divisions is pleasing. Strong inflows into our Asset Management funds are reflective of our diverse suite of investment offerings and their demonstrated track record. Momentum continues to build in the domestic and non-migration international distribution channels which underpins our Asset Management growth ambitions”.

Chris Wyke, Joint CEO of MA Financial added, “Our ambition to establish a multi-billion diversified residential loan book over the next few years reached another milestone as we rebranded MKM Capital to MA Money. MA Money is uniquely placed through its innovative technology and access to marketing solutions. Our strategic vision is to provide our Asset Management funds with access to MA Money originated loans that offer attractive credit investment returns and in turn fund our loan books in a flexible and highly capital efficient manner”.

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1. This forecast is subject to market conditions, deal completion rates and timing, no material regulatory changes and no further significant COVID-19 related disruptions. Excludes unrealised mark to market movements on investments.

©2023 MA Asset Management (Hong Kong) Limited, all rights reserved. Managed loans current as at 29 February 2024 and Assets Under Management (AUM) current as at 31 March 2024.
This webpage is issued by MA Asset Management (Hong Kong) Limited (BR No.: 72294841 SFC CE No.: BQW293) (MAAM HK). MAAM HK is licenced by the Securities & Futures Commission of Hong Kong (SFC) for Type 1 (dealing in securities) regulated activity. MAAM HK is a wholly owned subsidiary of MA Financial Group Limited (MA Financial). MAAM HK’s business operations involves the marketing of funds issued by MA Financial and/or other collective investment schemes to professional investors only (as defined under the Securities and Futures Ordinance of Hong Kong (Cap. 571) (SFO)) in Hong Kong. As distributor only, MAAM HK does not have any intention to establish any client relationship with any person that intends to subscribe for units in the collective investment schemes it distributes. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before making any investment decision in relation to any financial product referenced on this website (or otherwise) you should consider obtaining professional investment advice that takes into account your personal circumstances and should read the current information memorandum for the any relevant financial product. Any investment in a financial product on this website (or otherwise) is subject to the terms and conditions contained in the relevant information memorandum. Any investment in a financial product on this website, or any document accessible from this website should not be construed as investment advice or relied upon in making an investment decision. Information on this website does not constitute an offer or an invitation in any jurisdiction where, or to any person to whom, it would be unlawful to make such an offer or invitation. Neither MAAM HK nor any member of the MA Financial group guarantees repayment of capital or any particular rate of return from any product. Past performance is not a reliable indicator of future performance. Neither MAAM HK nor any member of the MA Financial Group Limited group gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained on this website. All opinions and estimates included on this website are provided as at the website creation date and are subject to change without notice. Neither MAAM HK nor any member of the MA Financial Group Limited group make any representation or warranty, express or implied, that the information and materials contained on this website are up to date, accurate or complete. To the maximum extent permitted by law, neither MAAM HK nor any other person will be liable for any for any loss or claim resulting from or in connection with the website and any information contained herein.