assets under

Sydney - Tuesday - April 24: (RWE Aust Business News) -
Challenger Financial Services Group (ASX:CGF) assets and loans under
management/administration and advice totalled $47.8 billion at March 31
2007, representing growth of $1.5bn or 3.1 per cent for the third
quarter of financial year and $7.3bn (18pc) for the 12 months to 31 March
2007.
Funds under management increased during the quarter to $16.2bn,
up 4.4pc over the quarter and 29pc for the year.
While institutional fund flow was down for the quarter this is a
timing issue as several material new mandates are expected to fund at the
beginning of the current quarter.
Challenger's mortgage loan book totalled $22bn at 31 March 2007.
Residential mortgages grew by $310m (1.7pc) for the quarter and
by $1.4bn (8.1pc) in the 12 months.
Asset Management's assets under management grew to $5.4bn, up 2.6
pc over the quarter and 46pc in the 12 months.
Total annuity sales of the Asset Management business were $77m
for the quarter.
Challenger shares were down 9c to $5.45.