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XP Reports Total AUC Of $$412B As Of May 31, Up 13% From End Of Q1

SÃO PAULO, Brazil, June 23, 2020 (GLOBE NEWSWIRE) -- XP Inc. (NASDAQ:XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in

Benzinga · -

SÃO PAULO, Brazil, June 23, 2020 (GLOBE NEWSWIRE) -- XP Inc. (NASDAQ:XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced today selected key performance indicators (KPIs) for May 2020. The presented information is unaudited, reflects XP´s management’s current views and is subject to revision.

May 2Q20 KPIs

  • Total AUC of R$412 billion as of May 31, 2020, up 13% from the end of 1Q20
  • R$46 billion increase in AUC since the end of 1Q20 was driven by R$15 billion of net inflows and R$31 billion of market appreciation
  • Monthly Net Inflows accelerated 21% MoM, from R$6.9 billion in April to R$8.3 billion in May
  • Active Clients (‘000)1 increased to 2.2 million as of the end of May 2020, representing a 9% increase from the end of 1Q20
  • Year-to-date (through May 2020) New Active Clients per month reached 104 thousand, 89% more than the 4Q19
  • Between April and May, the daily average trades reached 2.6 million, 127% more than the 4Q19 average
  • During May, XP Inc. maintained its leadership position in the retail equity market, achieving 25% of custody market share and 57% of the traded volume market share
    • NPS, a widely known survey methodology used to measure customer satisfaction was 71 in May 2020