Business
Trading Statement - Q3 2021
Trading Statement - Q3 2021.
About this update from Man Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8633O\n Man Group plc\n 13 October 2021\n \n \n \n \n Press Release \n \n \n 13 October 2021 \n \n \n \n \n \n \n \n \n \n \n \n TRADING STATEMENT FOR THE QUARTER ENDED 30 SEPTEMBER 2021\n \n \n \n \n \n \n Strong net inflows drive record funds under management\n \n \n \n \n \n Key points\n \n \n \n \n \n · Funds under management (FUM) of $139.5 billion at 30 September 2021 (30 June 2021: $135.3 billion)\n \n o Net inflows of $5.3 billion\n \n o Positive investment performance of $0.4 billion\n \n o Negative FX and other impacts of $1.5 billion\n \n · At 12 October 2021 we had completed $62 million of the $100 million share buyback announced in July 2021\n \n \n \n \n Luke Ellis, Chief Executive Officer of Man Group, said: \n \n \n \n \n \n \"We are pleased to report a further increase in funds under management in the third quarter, reaching a new peak of $139.5 billion driven by very strong net inflows of $5.3 billion and solid investment performance for our clients.\n \n \n Looking forward, we see positive momentum continuing into the fourth quarter, with a high level of client engagement on a number of larger institutional mandates across our systematic long-only and multi-manager strategies.\n \n \n We continue to invest in our talent and technology, which underpin our growth and ability to deliver superior risk-adjusted investment performance for our clients and generate value for our shareholders.\"\n \n \n \n \n \n \n \n \n \n \n \n FUM commentary for the quarter ended 30 September 2021 FUM increased by 3% to $139.5 billion in the third quarter. This was driven by net inflows of $5.3 billion primarily from our alternative strategies and positive investment performance of $0.4 billion. Negative FX and other movements of $1.5 billion resulted from a stronger US dollar particularly against sterling and the euro. FUM movements for the quarter ended 30 September 2021 $bnFUM at\n30 June\n2021Net inflows/ (outflows)Investment performanceFX & otherFUM at\n30 September\n2021Absolute return38.3 2.1 0.1 (0.6) 39.9 Total return32.5 2.6 0.3 (0.8) 34.6 Multi-manager solutions13.4 0.4 0.1 0.2 14.1 Alternative84.2 5.1 0.5 (1.2) 88.6 Systematic long-only30.7 (0.2) (0.4) (0.1) 30.0...