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.”
Contact
Global Communications
-
- Georgiana Brunner
- Man Group, Head of Communications
- Tel: +44 (0) 20 7144 1000
- Rebecca Hooper
- Man Group, Communications Director
- Tel: +44 20 7144 1103
Mobile: +44 7513 712636 - Neil Doyle
- FTI Consulting
- Tel: +44 (0) 7771 978 220
United States
-
- Robin Pertusi
- Communications Director, Americas Lead
- Tel: +1 212 649 6859
- Prosek Partners – US
- Tel: +1 212 279 3115
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