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Stock of the day: Netwealth record $22 billion inflow in FY24 amid growing ETF popularity

Discover how Netwealth's $22 billion net inflow in FY24 and a 38% rise in funds under management are impacting investment strategies. Explore expert opinions on holding or adjusting positions in this competitive market.

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Stock of the day: Netwealth (ASX: NWL)

Record inflows amid growing ETF trend

Netwealth, an investment platform, has reported a significant $22 billion net inflow in FY24, marking a 25.2% increase from the previous year. Additionally, funds under management saw a notable 38% rise in the June quarter. This impressive performance has boosted stock prices, prompting analysts to discuss whether to hold or adjust positions.

While some experts recommend holding the stock due to its robust growth and strategic initiatives, others advise trimming profits due to potential margin pressures in a highly competitive market. The discussion also highlights the increasing popularity of ETFs for their simplicity and lower fees, benefiting platforms like Netwealth.

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