Record PLC Second Quarter Trading Update
25 Oktober 2024 - 8:00AM
RNS Regulatory News
RNS Number : 5281J
Record PLC
25 October 2024
25 October
2024
RECORD PLC
SECOND QUARTER TRADING
UPDATE
Record plc ("Record", the "Company" or the "Group"), the specialist
currency and asset manager, is pleased to announce its trading
update for the three months ended 30 September 2024
("Q2-2025").
Jan Witte, CEO of Record plc
commented:
"The business has again demonstrated
the strength of its unique range of currency management products
with another quarter of AUM growth. Performance remains in line
with expectations and I am confident about Record's medium-term
growth opportunities."
Highlights
·
AUM increased US$3.3 billion to
US$106.0 billion with positive foreign exchange movements
offsetting modest outflows in dynamic and passive hedging and the
discontinuation of a custom interest rate swap
portfolio.
·
No performance fees crystalised in Q2 2025. H1
2025 performance fees were £1.6m slightly ahead of prior year (H1
2024: £1.5m)
·
Average fee rates in the quarter remained broadly
unchanged from the previous quarter.
AUM
Composition
The Group's AUM as at 30
September 2024 totalled US$106.0 billion (30
June 2024: US$102.7 billion). The composition of and
changes in AUM by product were as follows:
|
US$
billion
|
30
June 2024
|
Net
flows
|
FX
movements
|
Asset
movements
|
30
September 2024
|
|
Dynamic Hedging
|
16.4
|
(0.7)
|
0.0
|
1.1
|
16.8
|
|
Passive Hedging
|
66.2
|
(1.2)
|
4.1
|
(0.8)
|
68.3
|
|
Hedging for Asset
Managers
|
11.3
|
0.5
|
0.5
|
(0.1)
|
12.2
|
|
FX Alpha
|
5.0
|
0.8
|
0.2
|
0.0
|
6.0
|
|
EM Debt
|
1.1
|
0.0
|
0.0
|
0.0
|
1.1
|
|
Custom Solutions
|
2.5
|
(1.1)
|
0.0
|
0.0
|
1.4
|
|
Cash & Futures/other
|
0.2
|
0.0
|
0.0
|
0.0
|
0.2
|
|
Total
|
102.7
|
(1.7)
|
4.8
|
0.2
|
106.0
|
Record will announce its results for
the 6 months ended September 30th on November
15th 2024.
-Ends -
For
further information, please contact:
|
Record plc
Dr Jan
Witte, Chief Executive Officer
Richard
Heading, Chief Finance Officer
|
Tel: +44
(0) 1753 852 222
|
|
Panmure Liberum
Atholl
Tweedie
David
Watkins
|
Tel: +44 (0)20 7886 2500
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
TSTEALELAANLFFA
Record (LSE:REC)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Record (LSE:REC)
Historical Stock Chart
Von Nov 2023 bis Nov 2024
