12 July 2007
"Demand for our fund products has remained strong, both from private investors and institutions. Sales in the three months to 30 June 2007 were $3.8 billion. Group funds under management have increased from $61.7 billion at 31 March 2007 to $67 billion at 30 June 2007. For the three months ended 30June 2007, overall product performance has continued to be positive, with Man Global Strategies* up 8%, AHL* up 15%, Bayswater* up 4%, RMF* up 6% and Glenwood* up 4%. The Board remains very confident of the Group's prospects for the year."
First Quarter FUM Statement
Sales for the three months to 30 June 2007 were $3.8 billion. The three months sales comprised guaranteed products which accounted for $1.0 billion; open-ended private investor sales for $0.5 billion; and institutional sales for $2.3 billion. Reflecting the level of sales, funds under management have risen and were $67 billion at 30 June 2007, up from $61.7 billion at 31 March 2007. The split of funds under management is private investor $40 billion (31 March 2007: $36.6 billion) and institutional $27 billion (31 March 2007: $25.1 billion).
Redemptions for the three months to 30 June 2007 totalled $2.3 billion, of which private investor were $1.0 billion. Positive investment movement was around $4 billion with maturities and a small negative FX totalling $0.2 billion.