PERPETUAL LIMITED ASX Announcement
Perpetual Limited (Perpetual) today announces its funds under management (FUM) as at 31 December 2015 were $30.9 billion1, up $2.5 billion on the prior quarter and including net inflows of $0.8 billion for the quarter. Total average FUM for the three months to 31 December 2015 were $29.9 billion.
The largest contributor to the change in FUM over the quarter was market appreciation with the All Ordinaries Index up 5.7% over the quarter, increasing FUM by $1.7 billion.
Perpetual also experienced net inflows of $0.8 billion which included inflows of $0.8 billion in Australian Equities primarily from the institutional channel.
"Our established investment process and investment performance continue to attract investors into our funds," said Perpetual's CEO and Managing Director Geoff Lloyd.
AppendixFUM and flows data by channel, asset class and strategy.
Neil Wesley
General Manager, Investor Relations & Corporate Finance
Perpetual Limited Tel: +612 9229 3449
Kylie Smith
General Manager, Marketing & Communications
Perpetual Limited Tel: +612 9229 3550
Perpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au
1 All figures in this update are in Australian dollars and are rounded.
AppendixChannel (A$ billion) | 30 Sep 2015 | Net Flows | Other2 | 31 Dec 2015 |
Retail | 5.3 | - | 0.3 | 5.6 |
Intermediary | 14.4 | - | 0.7 | 15.1 |
Institutional | 8.5 | 0.8 | 0.6 | 9.9 |
Listed Investment Company | 0.2 | - | 0.1 | 0.3 |
Total | 28.4 | 0.8 | 1.7 | 30.9 |
Asset Class (A$ billion) | 30 Sep 2015 | Net Flows | Other2 | 31 Dec 2015 |
Australian Equities | 19.8 | 0.8 | 1.6 | 22.2 |
Global Equities | 1.3 | - | - | 1.3 |
Listed Investment Company | 0.2 | - | 0.1 | 0.3 |
Total equities | 21.3 | 0.8 | 1.7 | 23.8 |
Cash & Fixed Income | 6.1 | - | - | 6.1 |
Other | 1.0 | - | - | 1.0 |
Total: all asset classes | 28.4 | 0.8 | 1.7 | 30.9 |
2 'Other' includes changes in asset value, income, reinvestments, distributions, and asset class rebalancing within the Group's diversified funds.
Channel definitions: Retail includes FUM from advisers and individual clients who invest with Perpetual directly; Intermediary includes FUM from financial advisers who invest with Perpetual via external platform providers; Institutional includes industry superannuation funds and clients who invest large sums.
FUM by strategy 31 Dec 2015 (A$ billion) | Intermediary & Retail | Institutional | Total FUM |
Concentrated | 1.2 | 5.6 | 6.8 |
Industrials | 6.2 | - | 6.2 |
Ordinaries | 2.8 | 0.4 | 3.2 |
Smaller Companies | 0.7 | 0.5 | 1.2 |
Other | 3.7 | 1.1 | 4.8 |
Total Australian Equities | 14.6 | 7.6 | 22.2 |
FUM by strategy 31 Dec 2015 (A$ billion) | Intermediary & Retail | Institutional | Total FUM |
Cash / Enhanced Cash Credit / Fixed Income | 0.8 2.9 | 2.1 - | 2.9 2.9 |
Sub-total Exact Market Cash | 3.7 | 2.1 | 5.8 0.3 |
Total | 6.1 |
Note: Excludes returns of capital to investors for mortgage funds and the Perpetual Private portfolio wrap service cash
Note: Excludes 'Other' Asset Class, return of capital to investors for Mortgage Funds and the Perpetual Private portfolio wrap service cash.
Perpetual Limited issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-17 22:54:07 UTC
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