Evidentia, Lonsec paying off for GDG

Mike Taylor

Managing Editor and Publisher

23 April 2026

Generation Development Group (GDG) has continued to reap the benefits of its acquisition of Evidentia Group with the business contributing strongly to what the company described as a strong March quarter.

In a quarterly update to the Australian Securities Exchange (ASX), GDG said Evidentia had delivered resilient performance, with net inflows of $1.4 billion, including a mandate worth around $0.3 billion in a period of high market volatility.

It said funds under management (FUM) increased to $34.8 billion, up 30% on the prior corresponding period, despite a decline in market performance reducing FUM by $1.1 billion during the March quarter.

The ASX update noted that the transition of the Xplore/HUB24 portfolio has started and is expected to involve more than $1.5 billion of FUM.

“We are pleased with the resilience of inflows in the context of heightened market volatility,” the update said. “The commencement of the Xplore/HUB24 transition further supports confidence in near-term growth.

The updated noted that sale restrictions over scrip issued to Evidentia employees in connection with GDG’s acquisition of the business had been lifted in February “without material reduction in these holdings”.

“The Evidentia executives remain committed to providing outstanding solutions to clients and building long term shareholder value,” it said.

GDG also pointed to the Lonsec Research & Ratings business expanding into separately managed accounted (SMA) ratings.

It noted growth in the products being researched by Lonsec and said the number had been boosted by the addition of multi-option SMA portfolio suites.

“The expansion into SMA ratings supports a growing pipeline and diversified revenue growth,” it said.