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Record delivers FY AUME growth

(Sharecast News) - Currency and derivatives manager Record said on Friday that assets under management equivalent had increased by 3.7% in the year ended 31 March.

Record stated the full-year AUME growth came alongside $2.4bn of net inflows and £500,000 in performance fees over its most recent trading quarter.

The London-listed firm also pointed out that post period end it had received $1.0bn of inflows from an existing dynamic hedging client, with a further $1.0bn anticipated in the first half of the new financial year.

Recorded added that as expected, increased uncertainty in financial markets linked predominantly to the war in Ukraine had impacted the value of some clients' underlying portfolios, reflected by a decrease in AUME of $2.3bn, or 2.7% in percentage terms, from market movements over the quarter.

As of 1035 BST, Record shares were up 6.45% at 70.26p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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