Netwealth (NWL) is held by 25 ASX ETFs. Over the last 3 months it fell 24.0%: on $10,000, −$2395. We explain 2 big moves in that time.
About NWL
- SectorFinancials
- IndustryFinancial Services
- Size$4.1b
- Held by25 ETFs
- Big moves2 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −8.1%25 Sep 2026· Regulatory
Netwealth shares fell sharply after a class action was formally opened against the company relating to the First Guardian matter, compounding an already-paid A$101 million liability with new legal risk.
- +6.7%7 Jul 2026· Contract
Netwealth announced strong FUA growth and secured a major Morgan Stanley platform deal, along with FY27 guidance.
Held by 25 ETFs
Of every $10,000 in each fund, how much is in NWL today.
- AQLTBetaShares Australian Quality ETF$1641.64%
- MVSVanEck Small Companies Masters ETF$1481.48%
- SSOSTATE STREET SPDR S&P/ASX SMALL ORDINARIES ETF$760.76%
- ISOiShares S&P/ASX Small Ordinaries ETF$740.74%
- VSOVanguard MSCI Australian Small Companies Index ETF$460.46%
- GRPAGlobal X S&P Australia GARP ETF$350.35%
- IHHYiShares Global High Yield Bond (AUD Hedged) ETF$270.27%
- OZFSTATE STREET SPDR S&P/ASX 200 FINANCIALS EX A-REIT ETF$250.25%
- QFNBetaShares Australian Financials Sector ETF$230.23%
- EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF$210.21%
Why did NWL fall 8.1% on 25 Sep 2026?
Netwealth
Netwealth shares fell sharply after a class action was formally opened against the company relating to the First Guardian matter, compounding an already-paid A$101 million liability with new legal risk.
The most prominent news item published hours before the price move explicitly references a new class action being opened against Netwealth despite A$101m already having been paid, directly linking a material new legal risk to the stock. An earlier news item from 21 September foreshadowed this development, confirming this is a known but escalating legal matter rather than a surprise earnings or operational event. The sector signal (AXFJ -0.7%) is well below threshold and explains at most a fraction of the -8.15% move, leaving the class action announcement as the dominant driver.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 25 ETFs holding NWL
On $10,000 in each fund, at the weight it holds today
- AQLT1.64% of the fund−$13
- MVS1.48% of the fund−$12
- SSO0.76% of the fund−$6
- ISO0.74% of the fund−$6
- VSO0.46% of the fund−$4
- GRPA0.35% of the fund−$3
- IHHY0.27% of the fund−$2
- OZF0.25% of the fund−$2
- QFN0.23% of the fund−$2
- EX200.21% of the fund−$2
The 10 that hold it most. All 25 are listed on the page under Held by.