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Perpetual Limited Capital/Financing Update 2019
10538_rns_2019-04-11_244e8477-dff6-42f4-94f4-9c6ac3b99d9a.pdf
Capital/Financing Update
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ASX Announcement
12 April 2019
Perpetual Limited ABN 86 000 431 827
Angel Place, Level 18, 123 Pitt Street Sydney NSW 2000, Australia
Phone +61 9229 9000 www.perpetual.com.au
Third Quarter 2019 funds under management update
Perpetual Limited (Perpetual) today announced Perpetual Investments' funds under management (FUM) as at 31 March 2019 were $27.4 billion1 , a decrease of $0.3 billion on the prior quarter. Net outflows for the quarter were $1.9 billion. Total average FUM for the three months to 31 March 2019 were $28.2 billion.
The decrease in FUM of $0.3 billion over the three months to 31 March 2019 was attributable to:
- $1.9 billion of net outflows primarily from the institutional channel, including a single Australian Equities Mandate of $1.3 billion; offset by
- Market appreciation of $1.6 billion.
Appendix
▪ FUM and flows data by channel, asset class and strategy
For more information please contact:
Investors: Media: Andrew Ehlich Sue I Ong General Manager, IR & Corporate Finance Manager, Corporate Communications Perpetual Limited Perpetual Limited Tel: +61 2 9229 9081 Tel: +61 466 526 023 [email protected] [email protected]
About Perpetual
Perpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au
1 All figures in this update are in Australian dollars and are rounded.
Appendix
FUM and flows by channel
| Channel (A$ billion) | 31 Dec 2018 | Net Flows | Other2 | 31 Mar 2019 |
|---|---|---|---|---|
| Retail | 4.8 | (0.1) | 0.2 | 4.9 |
| Intermediary | 14.1 | (0.3) | 0.8 | 14.6 |
| Institutional | 8.4 | (1.5) | 0.6 | 7.5 |
| Listed Investment Company | 0.4 | - | - | 0.4 |
| Total | 27.7 | (1.9) | 1.6 | 27.4 |
FUM and flows by asset class
| Asset Class (A$ billion) | 31 Dec 2018 | Net Flows | Other2 | 31 Mar 2019 |
|---|---|---|---|---|
| Australian Equities | 18.0 | (1.8) | 1.3 | 17.5 |
| Global Equities | 1.3 | (0.1) | 0.2 | 1.4 |
| Listed Investment Company | 0.4 | - | - | 0.4 |
| Total equities | 19.7 | (1.9) | 1.5 | 19.3 |
| Cash & Fixed Income | 7.1 | - | 0.1 | 7.2 |
| Other | 0.9 | - | - | 0.9 |
| Total: all asset classes | 27.7 | (1.9) | 1.6 | 27.4 |
2 'Other' includes changes in market value of assets, income, reinvestments, distributions, and asset class rebalancing within the Group's diversified funds.
Channel definitions: Retail includes FUM from advisers and individual clients who invest with Perpetual directly; Intermediary includes FUM from financial advisers who invest with Perpetual via external platform providers; Institutional includes industry superannuation funds and clients who invest large sums.
Australian Equities
| FUM by strategy31 Mar 2019 (A$ billion) | Intermediary& Retail | Institutional | Total FUM |
|---|---|---|---|
| Concentrated | 1.1 | 4.4 | 5.5 |
| Industrials | 4.6 | - | 4.6 |
| Ordinaries | 2.1 | - | 2.1 |
| Share-Plus | 1.2 | - | 1.2 |
| Ethical | 1.1 | - | 1.1 |
| Smaller Companies | 0.7 | 0.3 | 1.0 |
| Other | 1.5 | 0.5 | 2.0 |
| Total Australian Equities | 12.3 | 5.2 | 17.5 |
Cash and Fixed Income
| FUM by strategy31 Mar 2019 (A$ billion) | Intermediary& Retail | Institutional | Total FUM |
|---|---|---|---|
| Cash / Enhanced Cash | 0.9 | 2.0 | 2.9 |
| Credit / Fixed Income | 4.0 | 0.1 | 4.1 |
| Sub-total | 4.9 | 2.1 | 7.0 |
| Exact Market Cash | 0.2 | ||
| Total | 7.2 |