Business
Trading Update
Trading Update.
About this update from Record Plc
[{"type":"text","content":"\n \nRNS Number : 9570E Record PLC 15 April 2011 \n \n\nRECORD PLC\nFOURTH QUARTER TRADING UPDATE\nRecord plc (\"Record\" or the \"Company\"), the specialist currency manager, announces today that as at 31st March 2011 the Group's assets under management equivalents (\"AuME\") totalled $31.4 billion (31st December 2010: $31.4 billion). \nAuME expressed in Sterling as at 31st March 2011 totalled £19.6 billion (31st December 2010: £20.1 billion). \nThe Board anticipates that pre tax profits for the financial year ended 31st March 2011 will be broadly in line with market expectations.\n1 AuME composition\nRecord saw no change in overall AuME when expressed in US Dollars and a marginal fall when expressed in Sterling during the period between 31st December 2010 and 31st March 2011. The composition of AuME at 31st March 2011 was as follows:\n \n\n\n\n\nAuME $ bn\n\n\n\n\n\n\n\n31st March 2011\n\n\n31st December 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 (Note 1)\n\n\n2.2\n\n\n\n\n\n2.7\n\n\n\n\n\n\n\n Pooled\n\n\n1.2\n\n\n\n\n\n1.3\n\n\n\n\n\n\n\nCurrency for Return Sub Total\n\n\n\n\n\n3.4\n\n\n\n\n\n4.0\n\n\n\n\nDynamic Hedging\n\n\n\n\n\n11.9\n\n\n\n\n\n11.7\n\n\n\n\nPassive Hedging\n\n\n\n\n\n15.7\n\n\n\n\n\n15.3\n\n\n\n\nCash & Futures\n\n\n\n\n\n0.4\n\n\n\n\n\n0.4\n\n\n\n\nTotal\n\n\n\n\n\n31.4\n\n\n\n\n\n31.4\n\n\n\n\nNote 1: This includes $1.1bn of Emerging Market strategies (31st December 2010 $1.0bn).\n2 AuME MOVEMENT \nNet client AuME flows in the three months to 31st March 2011 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 March 2011\n\n\n3 mths to 31st December 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\n(0.6)\n\n\n\n\n\n0.5\n\n\n\n\n\n\n\n Pooled\n\n\n(0.1)\n\n\n\n\n\n(0.6)\n\n\n\n\n\n\n\nCurrency for Return Sub Total\n\n\n\n\n\n(0.7)\n\n\n\n\n\n(0.1)\n\n\n\n\nDynamic Hedging\n\n\n\n\n\n(0.1)\n\n\n\n\n\n-\n\n\n\n\nPassive Hedging\n\n\n\n\n\n(0.2)\n\n\n\n\n\n0.2\n\n\n\n\nCash & Futures\n\n\n\n\n\n- \n\n\n\n\n\n(0.1)\n\n\n\n\nTotal\n\n\n\n\n\n(1.0)\n\n\n\n\n\n0.0\n\n\n\n\n \nRecord had 46 c...