Assets Under Management Nudge Down At UK-Listed F&C

Tom Burroughes
Group Editor in London

30 January 2013

News Analysis

Assets under management at FC Asset Management slipped
slightly to £95.2 billion ($150 billion) at the end of 2012 from £96.8 billion on 30
September, the UK-listed firm said today.

The firm logged gross third-party institutional inflows of £800
million in the final quarter of 2012, taking the total for the year to £2.9
billion, or an annualised growth rate of 12.7 per cent.

“Performance in the quarter was good in most asset
categories and revenue yields on inflows continue to exceed those on outflows,”
Richard Wilson, chief executive, said.

The firm said gross outflows from its third-party
institutional business were £1.7 billion for the quarter; this was primarily
attributable to cash management and government bond mandates of £1.3 billion.
Most of the remaining outflows resulted from £0.2 billion of property asset
realisations prior to year-end.

The consumer business experienced positive net flows of £30
million for the quarter.


Wednesday, January 30th, 2013 EN

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