GAM Reports AuM Rise, Helped By Inflows

Editorial Staff

20 April 2018

, the Swiss-listed firm, yesterday reported that group assets under management rose to SFr162.3 billion ($167.7 billion) on 31 March from SFR158.7 billion as at the end of last year.

The firm reported net inflows of SFr2.5 billion, with inflows across a broad range of funds, in particular into specialist fixed income and systematic strategies

Within GAM’s investments business, AuM stood at SFr85.7 billion, up from SFr84.4 billion as at 31 December 2017, driven by strong net inflows, partly offset by negative market and foreign exchange movements, it said.

On the private labelling business of GAM, there were net inflows of SFr3.5 billion; AuM stood at SFr76.6 billion, up from SFr74.3 billion as at 31 December 2017.

"We continue to see good demand for specialised products that offer diversification versus traditional asset classes and broad market trends. Nevertheless, market volatility has increased noticeably over the last few months, which may lead clients to become more cautious," group chief executive Alexander Friedman said.