Trading statement for the quarter ended 31 March 2021
Continued net inflows and positive investment performance
16 April 2021
Key points
- Funds under management (FUM) of $127.0 billion at 31 March 2021 (31 December 2020: $123.6 billion)
- Net inflows of $0.6 billion
- Investment performance of $3.5 billion
- Negative FX and other impacts of $0.7 billion
- Strong balance sheet and liquidity position
- At 31 March 2021 we had completed $49 million of the $100 million share buyback announced in September 2020
Luke Ellis, Chief Executive Officer of Man Group, said:
“I am pleased we have delivered another quarter of growth, with FUM increasing by $3.4 billion to reach $127.0 billion. This reflects both investment gains for our clients and continuing net inflows and underscores the strength of our business model.
“Client engagement on a number of larger mandates has been positive this year, and as a result we expect to see increased inflows in the coming quarters. In the long term, it is our state-of-the-art technology and the strength of our client relationships combined with the quality of our people that define our firm and give me great confidence for the future.”
