AuM was on track for a very strong finish to FY20e with net inflows sustained (H2 avg £114m pcm) and AuM peaking at £7.8bn in late February – well on the way to landmark £8bn AuM. COVID intervened and market performance impacted AuM, reducing to £6.7bn at year end. Paradigm saw continued growth in membership. FY20e earnings are expected to be in line nonetheless, with Tatton having delivered a third consecutive year of earnings growth following IPO in 2017. There
21 Apr 2020
FY20e earnings in line, COVID interrupts strong AuM growth
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FY20e earnings in line, COVID interrupts strong AuM growth
Tatton Asset Management Plc (TAM:LON) | 571 45.7 1.4% | Mkt Cap: 345.5m
- Published:
21 Apr 2020 -
Author:
Andrew Watson -
Pages:
3
AuM was on track for a very strong finish to FY20e with net inflows sustained (H2 avg £114m pcm) and AuM peaking at £7.8bn in late February – well on the way to landmark £8bn AuM. COVID intervened and market performance impacted AuM, reducing to £6.7bn at year end. Paradigm saw continued growth in membership. FY20e earnings are expected to be in line nonetheless, with Tatton having delivered a third consecutive year of earnings growth following IPO in 2017. There