Strong Emerging Markets Performance
Emerging markets have shown strong returns, with a 15% year-to-date return in local currency. The firm's performance has been strong, with 70% of assets outperforming over 3 years and 81% over 5 years.
Strategic Growth in Local Businesses
Local businesses have grown, with assets under management increasing by 5% to just under $8 billion. The equities business now makes up 16% of assets and continues to grow.
Successful Fund Launches and Seed Investments
New product launches and seed investments include ex-China products, frontier debt, and impact debt space, with GBP 40 million contributed to profits from seed capital.
Positive Net Inflows in Multiple Areas
Net inflows observed in equities, alternatives, investment-grade strategies, and local offices, consistent with strategic objectives.