Latest news with #assetsundermanagement
Yahoo
a day ago
- Business
- Yahoo
Ninety One PLC (FRA:3XH) (FY 2025) Earnings Call Highlights: Strategic Growth Amidst Market ...
Release Date: June 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ninety One PLC (FRA:3XH) recorded positive net flows in the second half of the year, reversing the negative trend from the first half. Assets under management increased by 4% to 130.8 billion pounds, indicating growth in the company's asset base. The company has opened two new offices in the Middle East, expanding its geographical footprint and intensifying activity in the region. The transaction with Sunamm is expected to grow assets under management by approximately 17 billion pounds and offers preferred access to their distribution network. Ninety One PLC (FRA:3XH) has been actively investing in AI and technology to enhance efficiency and effectiveness, positioning itself as a future-ready investment manager. Net outflows were 4.9 billion pounds, although improved from the previous year's 9.4 billion, still indicating challenges in retaining client assets. Basic earnings per share declined by 7% to 17.2% per share, and adjusted earnings per share declined by 3% to 15.5%. The full year dividend decreased by 1% to 12.2%, reflecting a reduction in shareholder returns. The adjusted operating profit margin decreased from 32% to 31.2%, indicating pressure on profitability. The company faces intense competition for client assets and pricing pressure in the market, which could impact future growth and profitability. Warning! GuruFocus has detected 6 Warning Signs with FRA:3XH. Q: Good to see the second half turning mildly positive. Do you think we've turned a corner now, and how much of the improvement is driven by a rotation of possibly the US into more international and emerging market products? A: There are two trends. Firstly, existing clients are re-weighting their portfolios, showing interest in active long-only equities. Secondly, there's increased interest in the emerging market complex, though it's still challenging due to geopolitical factors. The structural research and engagement have increased, but it's unclear if this is a rebalancing or structural growth. The US market's re-weighting could be significant, especially with a weakening dollar. Fixed income diversification might become more compelling in the future. Q: On the operating margin, it came in at 31.2%. Is 31% the floor? A: We do not target a specific operating margin. Given market volatility, we maintain flexibility. We have levers to keep it within a comfortable range, but we don't run for a specific margin. Technology is helping manage structural cost inflation, and we are comfortable with our current position. Q: Can you share some client feedback on the Sunlam deal? A: We haven't interacted directly with third-party clients due to competition regulations, but our client base understands the logic and sees it as complementary. The relationship with Sunlam is strong, and the contractual negotiations are complete. We expect to access excellent talent and see long-term benefits from this 15-year relationship. Q: Asia Pacific was a big swing factor in the second half. Can you elaborate on what's driving this? A: The economic gravity is shifting east, and savings pools are growing. We have an installed base of clients who are up-weighting based on good past performance and service delivery. Our new offices in the Middle East are also part of our strategy, though they haven't yet impacted the top line. Q: On the fee rate, it dropped over the year. What's driving this? A: The drop is due to large clients coming in with lower fees but high profit margins. The Americas, with higher fees, could balance this if they start running. The fee rate is influenced by client mix and geographic factors, and we maintain a thoughtful approach to pricing. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Ninepoint Partners Announces Estimated May 2025 Cash Distributions for Ninepoint Cash Management Fund
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Ninepoint Partners LP ('Ninepoint Partners') today announced the estimated May 2025 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the 'Fund'). Ninepoint Partners expects to issue a press release on or about May 29, 2025, which will provide the final distribution rate. The record date for the cash distribution is May 30, 2025, payable on June 6, 2025. All estimates in this document are based on the accounting data as of May 22, 2025. Due to subscriptions and/or redemptions and/or other factors, the final May 2025 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice. The actual taxable amounts of distributions for 2025, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2026. Securityholders can contact their brokerage firm for this information. The per-unit estimated May 2025 distribution is detailed below: About Ninepoint Partners Based in Toronto, Ninepoint Partners LP is one of Canada's leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets. For more information on Ninepoint Partners LP, please visit or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the 'Funds'). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction. Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund's distribution policy. The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund's performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor's original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor's adjusted cost base will be reduced by the amount of any returns of capital. If an investor's adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.
Wall Street Journal
21-05-2025
- Business
- Wall Street Journal
Julius Baer's Assets Under Management Decline
Julius Baer Gruppe BAER -5.62%decrease; red down pointing triangle posted lower assets under management for the first four months of the year, but said that client activity was elevated. The Swiss private-banking group's assets under management stood at 467 billion Swiss francs ($563.87 billion) at the end of the period, reflecting a stronger Swiss franc and the deconsolidation of Julius Baer Brazil. The figure came below the prior year's 471 billion francs.
Bloomberg
15-05-2025
- Business
- Bloomberg
Aviva's Wealth Unit Sees £2.3 Billion Inflows as Assets Rise 5%
UK insurer Aviva Plc said its wealth unit saw net inflows in the first quarter, with assets under management in the business rising by 5%. The arm attracted a net £2.3 billion ($3.1 billion), while the firm's asset management business, Aviva Investors, recorded net outflows of £906 million in the three months through March, according to a trading update on Thursday. General insurance premiums increased 9%.
Reuters
08-05-2025
- Business
- Reuters
Abu Dhabi wealth fund Mubadala's assets under management rise 9% in 2024
DUBAI, May 8 (Reuters) - Abu Dhabi sovereign wealth fund Mubadala's assets under management rose 9.1% last year to 1.2 trillion dirhams ($326.74 billion), it said on Thursday.
