2nd Nov 2020 17:47
River & Mercantile Group PLC - London-based asset manager - Says fee earning assets under management increase 2.7% in quarter to GBP45.4 billion at September 30, with net flows of GBP1.1 billion and gross sales GBP1.4 billion.
"It is very encouraging to see continued positive strong gross sales and net flows across the business during what is normally the quietest quarter of our financial year. This builds on the strong and consistent growth in AUM in every year over the last six years and the investments we have already made in our distribution capabilities is clearly beginning to have an impact. We look forward in confidence to the balance of this financial year and maintaining the growth momentum that we have established," says Chief Executive James Barham.
Current stock price: 151.00 pence
Year-to-date change: down 40%
By Lucy Heming;Â [email protected]
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