BTIM reports solid quarter
BT Investment Management (BTIM) increased its funds under management (FUM) for the quarter ended 30 June, announcing to the Australian Securities Exchange (ASX) today that they had risen by $3.2 billion.
The company’s announcement also pointed to a significant increase in performance fees for the year ended 30 June, stating that they had not realised approximately $9.4 million in revenue compared to $3.5 million for the 2016 financial year.
The company’s ASX announcement said that during the quarter J O Hambro Capital Management saw $1.1 billion in net inflows led by ongoing demand by US clients for the International Select fund and the Global Opportunities strategy in the institutional channel.
It said BTIM Australia saw outflows of $0.4 billion resulting from institutional redemptions and the run off in the legacy book.
It said institutional flows were positive in cash and Australian equities while there were outflows in fixed interest and global equities strategies.
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