Business
Interim Management Statement
Interim Management Statement.
About this update from Record Plc
[{"type":"text","content":"\n RNS Number : 6102Z Record PLC 18 January 2011 \n \n\nRECORD PLC\nTHIRD QUARTER TRADING UPDATE\nRecord plc (\"Record\" or the \"Company\"), the specialist currency manager, announces today that as at 31st December 2010 the Group's assets under management equivalents (\"AuME\") totalled $31.4 billion (30th September 2010: $30.8 billion). \nAuME expressed in Sterling as at 31st December 2010 totalled £20.1 billion (30th September 2010: £19.5 billion). \n1 AuME composition\nRecord saw an increase in AuME when expressed in both US Dollars and Sterling during the period between 30th September 2010 and 31st December 2010. The composition of AuME at 31st December 2010 was as follows:\n \n\n\n\n\nAuME $ bn\n\n\n\n\n\n\n\n31st December 2010\n\n\n30th September 2010\n\n\n\n\nCurrency for Return\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Segregated\n\n\n2.7\n\n\n\n\n\n2.1\n\n\n\n\n\n\n\n Pooled\n\n\n1.3\n\n\n\n\n\n1.9\n\n\n\n\n\n\n\nCurrency for Return Sub Total\n\n\n\n\n\n4.0\n\n\n\n\n\n4.0\n\n\n\n\nDynamic Hedging\n\n\n\n\n\n11.7\n\n\n\n\n\n11.5\n\n\n\n\nPassive Hedging\n\n\n\n\n\n15.3\n\n\n\n\n\n14.8\n\n\n\n\nCash & Futures\n\n\n\n\n\n0.4\n\n\n\n\n\n0.5\n\n\n\n\nTotal\n\n\n\n\n\n31.4\n\n\n\n\n\n30.8\n\n\n\n\n2 AuME MOVEMENT \nNet client AuME flows in the three months to 31st December 2010 by product were as follows:\n \n\n\n\n\n Net client AuME flows - $ bn\n\n\n\n\n\n\n\n3 mths to 31st December 2010\n\n\n3 mths to 30th September 2010\n\n\n\n\nCurrency for Return\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Segregated\n\n\n0.5\n\n\n\n\n\n(0.6)\n\n\n\n\n\n\n\n Pooled\n\n\n(0.6)\n\n\n\n\n\n(0.7)\n\n\n\n\n\n\n\nCurrency for Return Sub Total\n\n\n\n\n\n(0.1)\n\n\n\n\n\n(1.3)\n\n\n\n\nDynamic Hedging\n\n\n\n\n\n-\n\n\n\n\n\n-\n\n\n\n\nPassive Hedging\n\n\n\n\n\n0.2\n\n\n\n\n\n0.6\n\n\n\n\nCash & Futures\n\n\n\n\n\n(0.1) \n\n\n\n\n\n(0.2)\n\n\n\n\nTotal\n\n\n\n\n\n0.0\n\n\n\n\n\n(0.9)\n\n\n\n\n \nThe inflow of $0.5 billion into segregated Currency for Return mandates represents an increase i...