ASX Announcement
Second Quarter 2017 funds under management update 17 January 2017Perpetual Limited (Perpetual) today announced its funds under management (FUM) as at 31 December 2016 were $31.9 billion1, up $1.2 billion on the prior quarter. Net inflows for the quarter were $0.2 billion. Distributions in the quarter were $0.1 billion. Total average FUM for the three months to 31 December 2016 were $ 30.9 billion.
The largest contributor to the change in FUM over the quarter was market appreciation with the All Ordinaries Index up 3.5%, increasing FUM by $1.1 billion. Perpetual also experienced:
$0.3 billion of net inflows into Cash and Fixed Income primarily from the Intermediary and Institutional channels and
$0.1 billion of net outflows from Australian Equities primarily from the Intermediary and Retail channels.
AppendixFUM and flows data by channel, asset class and strategy.
Neil Wesley Kirsten Allen
General Manager, Investor Relations & Corporate Finance
Senior Manager, Marketing & Communications
Perpetual Limited Perpetual Limited
Tel: +61 2 9229 3449 Tel: +61 412 759 753
About PerpetualPerpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au
1 All figures in this update are in Australian dollars and are rounded.
Appendix FUM and flows by channelChannel (A$ billion) | 30 Sep 2016 | Net Flows | Other2 | 31 Dec 2016 |
Retail | 5.4 | (0.1) | 0.1 | 5.4 |
Intermediary | 14.7 | 0.1 | 0.4 | 15.2 |
Institutional | 10.3 | 0.2 | 0.5 | 11.0 |
Listed Investment Company | 0.3 | - | - | 0.3 |
Total | 30.7 | 0.2 | 1.0 | 31.9 |
Asset Class (A$ billion) | 30 Sep 2016 | Net Flows | Other2 | 31 Dec 2016 |
Australian Equities | 22.6 | (0.1) | 0.9 | 23.4 |
Global Equities | 1.0 | - | 0.1 | 1.1 |
Listed Investment Company | 0.3 | - | - | 0.3 |
Total equities | 23.9 | (0.1) | 1.0 | 24.8 |
Cash & Fixed Income | 5.8 | 0.3 | - | 6.1 |
Other | 1.0 | - | - | 1.0 |
Total: all asset classes | 30.7 | 0.2 | 1.0 | 31.9 |
2 'Other' includes changes in market value of assets, 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.
Australian EquitiesFUM by strategy 31 Dec 2016 (A$ billion) | Intermediary Institutional Total FUM & Retail | ||
Concentrated | 1.3 | 7.0 | 8.3 |
Industrials | 5.9 | - | 5.9 |
Ordinaries | 2.6 | 0.1 | 2.7 |
Ethical | 1.1 | 0.7 | 1.8 |
Smaller Companies | 0.7 | 0.5 | 1.2 |
Share-Plus | 1.4 | - | 1.4 |
Other | 1.7 | 0.4 | 2.1 |
Total Australian Equities | 14.7 | 8.7 | 23.4 |
FUM by strategy 31 Dec 2016 (A$ billion) | Intermediary & Retail | Institutional | Total FUM |
Cash / Enhanced Cash Credit / Fixed Income | 0.9 2.8 | 2.1 - | 3.0 2.8 |
Sub-total Exact Market Cash | 3.7 | 2.1 | 5.8 0.3 |
Total | 6.1 |
Perpetual Limited published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 00:30:02 UTC.
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