By Joe Hoppe Tatton Asset Management said that assets under management for the first half of fiscal 2024 rose and organic net inflows were strong, despite.
Tatton Asset Management says 2021 results will beat all forecasts
Tue, 20th Apr 2021 11:39
(Alliance News) - Tatton Asset Management PLC on Tuesday said it expects its 2021 financial year results to beat all analyst forecasts after inflows accelerated and its investments performed strongly.
The Cheshire-based investment company said total inflows in the year ended March 31 were GBP755 million, with net inflows of GBP427 million in the second half, 30% higher than in the first half.
Shares were up 9.8% to 415.00 pence in London.
With the addition of a GBP1.5 billion gain from the performance of its investments, assets under management increased to GBP9.0 billion from GBP6.7 billion the year before.