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ASX 200 (XJO) To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.91% on Wednesday.

Australian Dollar ($A) (AUDUSD): 67.23US cents

Dow Jones (DJI): up 0.70%

Oil (WTI): $US52.65 per barrel

Gold: $US1,505 per ounce

ASX Sharemarket News

In ASX sharemarket news, Afterpay Touch Group Ltd (ASX: APT) will be on watch today after announcing members of a new US advisory board.

Afterpay said that this new US Advisory Board was formed to help the company identify key business opportunities and partnerships at a time when American consumers are increasingly turning to alternative payment methods to avoid revolving and extended debt.

The members are former US Treasury Secretary Lawrence H. Summers, Uli Becker who is the former CEO of Reebok and Matthew Kaness who is the former president and CEO of ModCloth – a fashion ‘e-tailer’, Mr Kanesss was also Chief Strategy Officer for Urban Outfitters for nearly eight years.

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Netwealth Group Ltd (ASX: NWL) has just announced its funds under administration (FUA) at the end of the September 2019 quarter.

Compared to June 2019, FUA increased by 8.5%, or $2 billion, to $25.3 billion. The increase over the past 12 months was 31.3%, or $6 billion in dollar terms.

FUA net inflows for the quarter were $1.5 billion, which was $0.4 billion higher than the prior corresponding period. Positive market movements made up the other $0.5 billion rise for the quarter.

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Vgi Partners Ltd (ASX: VGI) has this morning announced its September 2019 funds under management (FUM) update.

At 30 June 2019 it had $2.6 billion of FUM and at 30 September 2019 it still has $2.6 billion of FUM. However, these numbers don’t include the FUM relating to the new VGI Partners Asian Investments listed investment company (LIC) which will soon be launch and currently has applications worth over $500 million.

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