Quilter G1 flows ‘resilient’ despite Russia-Ukraine conflict

by | Apr 20, 2022

Wealth management company Quilter reported “resilient” first-quarter gross and net flows on Wednesday despite heightened market uncertainty throughout the period.
Quilter said assets under management and administration were £107.2bn at the end of March, a decline of 4% from 31 December 2021. However, Quilter’s average AuMA for the first quarter of £107.6bn was “modestly ahead” of 2021’s full-year average of £105.3bn.

The FTSE 250-listed firm stated net inflows of £1.0bn were flat year-on-year despite the “volatile market backdrop”, representing 4% of opening AuMA annualised.

Quilter did note that strong early net flow momentum in the quarter was impacted by market uncertainty following the outbreak of conflict in Ukraine in late February but did note that it had seen continued improvement in adviser productivity, with annualised gross flow per adviser up 14% to £2.5m.

Chief executive Paul Feeney said: “As I mentioned at the time of our full-year results in March, net inflows in the first two months of the year were comfortably ahead of the comparable period in 2021 but the invasion of Ukraine in late February dampened investor sentiment for most of March.

“Our resilient overall performance throughout this period has underlined both the strength of our advice-based model and demonstrated the potential of our transformed business.”

As of 0920 BST, Quilter shares were down 3.23% at 140.75p.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x