Schroders 2017 Half-year Results. Data Pack 27 July 2017

Size: px
Start display at page:

Download "Schroders 2017 Half-year Results. Data Pack 27 July 2017"

Transcription

1 Schroders 2017 Half-year Results Data Pack 27 July 2017

2 Contents Page Asset under management and administration (AUMA) 2 Regional diversification of AUM 3 Gross sales and net flows 4-5 Currency profile of AUM 6-7 AUM diversification 8-10 Asset Management AUM detailed asset class analysis Asset Management AUM flows Net operating revenue and margins Asset Management 16 Income statement progression Cost and return metrics 20 Group capital 21 Nothing in this presentation should be construed as a forecast, estimate or projection of future financial performance. 1

3 Assets under management and administration (AUMA) billion at 30 June 2017 bn Institutional Intermediary Asset Management Wealth Management 1 Total AUM AUA AUMA 2 1 January Net flows 1.4 (1.2) Acquisitions Investment returns June Wealth Management flows exclude income drawdowns which are now included within investment returns. 2 Assets under management and administration comprise assets managed or advised on behalf of clients (Assets Under Management) and assets where Schroders solely provides administrative support through the Benchmark Capital business (assets under administration or AUA). 3 Wealth Management acquisition relates to the purchase of the wealth management business of C. Hoare & Co. 2

4 Regional diversification of AUM* 6 of net operating revenues earned outside UK UK** 163.6bn North America 48.1bn Continental Europe 76.2bn Middle East and Africa 10.4bn Asia Pacific 100.0bn South America 8.6bn * By client domicile. **A further 11.3bn of assets under administration are located in the UK. 3

5 Gross sales Half-yearly bn H H H H H Equities Fixed Income Multi-asset Emerging Market Debt, Commodities & Real Estate Wealth Management 4

6 Net flows Half-yearly bn (5.0) H H H H H Equities Fixed Income Multi-asset Emerging Market Debt, Commodities & Real Estate Wealth Management 5

7 Currency profile of AUM Assets under management billion 10% 4% 30% 1 28% USD* GBP EUR JPY AUD CNY KRW TWD CHF Other** * USD includes other currencies pegged to USD, including HKD. ** Includes the following currencies which individually constitute 1% of AUM: IDR, INR, SGD, BRL, CAD, SEK, RUB 6

8 Currency profile of Asset Management AUM Assets Management AUM billion Institutional 238.6bn Intermediary 124.7bn USD* GBP EUR AUD CNY JPY KRW TWD CHF Other 33% 24% 10% 6% 3% 10% USD* EUR GBP JPY CNY AUD IDR TWD SGD KRW CHF Other 3 18% 16% 7% 4% 8% * USD includes other currencies pegged to USD, including HKD. 7

9 Total AUM by channel, region and product Assets under management billion By channel By region* By product 11% 14% 11% 4% 40% 41% 31% 58% 2 24% Institutional Intermediary Wealth Management 21% UK Continental Europe, Middle East & Africa Asia Pacific Americas 20% Equities Fixed Income Multi-asset Emerging Market Debt, Commodities & Real Estate Wealth Management * By client domicile. 8

10 Asset Management AUM by channel and product Assets under management billion Institutional AUM 238.6bn Intermediary AUM 124.7bn 17% 3 41% 56% 2 2 Equities Fixed Income Multi-asset Emerging Market Debt, Commodities & Real Estate 9

11 Asset Management AUM by channel and region* Assets under management billion Institutional AUM 238.6bn Intermediary AUM 124.7bn 19% 10% 26% 39% 27% 27% 1 37% UK Continental Europe, Middle East & Africa Asia Pacific Americas * By client domicile. 10

12 Asset Management AUM detailed asset class analysis Assets under management billion Equities 166.8bn Fixed Income 84.0bn Multi-asset 97.4bn Emerging Market Debt, Commodities and Real Estate 15.1bn Asia Pacific Quantitative equities Global Emerging markets Europe UK Japan US Australia Other 19% 1 14% 13% 1 11% 6% 4% 1% US 30% Europe 21% Global 19% Asia Pacific 7% UK 6% Securitised Credit 6% Australia 4% Insurance-linked Convertibles Emerging market bonds Infrastructure Finance 1% Risk controlled growth LDI UK traditional balanced Income Inflation protection Risk mitigation GAIA Wealth preservation % 10% 3% 1% Real estate 74% Emerging market debt 16% Agriculture and commodities 7% Private equity 3% 11

13 Institutional AUM detailed asset class analysis Assets under management billion Equities 97.7bn Fixed Income 52.7bn Multi-asset 76.0bn Emerging Market Debt, Commodities and Real Estate 12.2bn Quantitative equities Emerging markets Global Asia Pacific UK Europe Australia Japan US 2 18% 18% 16% 9% 8% 4% 3% US Global Europe UK Asia Pacific Securitised Credit Australia Infrastructure Finance Insurance-linked Emerging market bonds Convertibles 4 17% 1 8% 6% 4% 3% 1% 1% 1% Risk controlled growth LDI UK traditional balanced Inflation protection Risk mitigation Wealth preservation 36% 33% 20% 1% Real estate 79% Emerging market debt 11% Agriculture and commodities 6% Private equity 4% 12

14 Intermediary AUM detailed asset class analysis Assets under management billion Equities 69.1bn Fixed Income 31.3bn Multi-asset 21.4bn Emerging Market Debt, Commodities and Real Estate 2.9bn Asia Pacific Europe UK Japan US Global Emerging markets Quantitative equities Australia Other 24% 16% 14% 9% 9% 9% 8% 3% 3% Europe Global Securitised Credit Asia Pacific Australia US Convertibles Insurance-linked UK Emerging market bonds 36% 2 10% 8% 6% 6% 3% 3% 3% 3% Income Risk controlled growth GAIA Risk mitigation Inflation protection 44% 31% 14% 6% Real estate 51% Emerging market debt 34% Agriculture and commodities 14% Private equity 1% 13

15 Institutional Assets under management billion bn (5.0) (0.1) (10.0) (10.1) (15.0) (20.0) (13.1) (13.5) (15.3) (18.2) (25.0) H H H H H Gross inflows Gross outflows Net flows 14

16 Intermediary Assets under management billion bn (10.0) 4.8 (0.5) (3.3) 0.4 (1.2) (20.0) (30.0) (23.8) (18.5) (22.1) (24.2) (30.2) (40.0) H H H H H Gross inflows Gross outflows Net flows 15

17 Net operating revenue and margins Asset Management Asset Management net operating revenue million Performance fees - m Performance fees on average AUM Net operating revenue (ex performance fees) - m Net operating revenue (ex performance fees) on average AUM FY 2016 H bps 0 bps 1, bps 47 bps H bps bps Net income* - m 1, Operating expenses* - m Profit before tax* - m * Excludes exceptional items. 16

18 Income statement progression Asset Management profit before tax m H H H H H Institutional Intermediary Net operating revenue Net gains/(losses) on financial instruments and other income (1.3) Share of profit of associates and joint ventures Net income Operating expenses (431.1) (440.9) (451.3) (510.7) (509.4) Asset Management profit before exceptional items Exceptional items (6.0) (6.1) (8.5) (10.0) (9.6) Asset Management profit after exceptional items

19 Income statement progression Wealth Management profit before tax m H H H H H Net operating revenue Net (losses)/gains on financial instruments and other income (0.2) Net income Operating expenses (75.5) (70.4) (74.8) (82.8) (88.2) Wealth Management profit before exceptional items Exceptional items (4.0) 3.2 (4.0) (6.1) (9.1) Wealth Management profit after exceptional items

20 Income statement progression Group segment (loss)/profit before tax m H H H H H Net gains on financial instruments and other income Share of profit of associates* Net income Operating expenses (14.1) (16.8) (14.2) (14.6) (15.3) Group profit before exceptional items Exceptional items (5.4) (2.4) Group (loss)/profit after exceptional items (0.7) * Comprises RWC Partners Limited and Schroder Ventures Investments Limited associates. 19

21 Cost and return metrics Total Schroders Group costs 2016 H H Total compensation ratio* 44% 4 44% Headcount 4,145 3,866 4,299 Total costs ( m)* 1, Total cost ratio* 64% 6 63% Return on average capital (pre-tax)* 2 21% 23% Total compensation ratio = compensation costs divided by net income** Total cost ratio = costs divided by net income Return on average capital (pre-tax) = profit before tax divided by average capital Return on average capital (post-tax)* 17% 16% 18% Return on average capital (post-tax) = profit after tax divided by average capital * Excludes exceptional items. ** Costs and income are subject to adjustments by the remuneration committee. 20

22 Group Capital ( m) Increase of 57m in the six months ended 30 June ,500 3,153 3,210 3,153 3,210 3,500 3,000 3,000 2,500 1,245 1, ,500 Capital Surplus Interim Dividend Capital Buffer Regulatory Capital Other Items** 2,000 1,500 1, ,000 1,500 1,000 Investment Capital - Liquid Investment Capital - Illiquid* Working Capital - Seed Capital Working Capital - Other Other Items** H H Surplus Capital Capital Allocation * Comprises co-investment funds and private equity. **Comprises goodwill, intangible assets, pension scheme surplus, other associates and joint ventures and deferred tax. 21

Annual Results 2017 Data pack

Annual Results 2017 Data pack Annual Results 2017 Data pack Contents Asset under management and administration (AUMA) 2 Regional diversification of AUM 3 Gross sales and net flows 4-7 Currency profile of AUM 8-9 AUM diversification

More information

Schroders Annual Results. Data Pack March 2017

Schroders Annual Results. Data Pack March 2017 Schroders 2016 Annual Results Data Pack March 2017 Contents Page Assets under management and administration (AUMA) 2 Regional diversification of AUM 3 Gross sales and net flows 4-7 Currency profile of

More information

Schroders H1 Results. Data Pack July 2016

Schroders H1 Results. Data Pack July 2016 Schroders 2016 H1 Results Data Pack July 2016 Contents Page Assets under management (AUM) 2 Regional diversification of AUM 3 Gross sales and net flows 4-5 Currency profile of AUM 6-7 AUM diversification

More information

Schroders Annual Results. Data Pack March 2015

Schroders Annual Results. Data Pack March 2015 Schroders 2014 Annual Results Data Pack March 2015 Contents Page Assets under management (AUM) 2 Regional diversification of AUM 3 Gross sales and net flows 4-7 Currency profile of AUM 8 AUM diversification

More information

Schroders Annual Results. Data Pack March 2014

Schroders Annual Results. Data Pack March 2014 Schroders 2013 Annual Results Data Pack March 2014 Contents Page Assets under management (AUM) 2 Regional diversification of AUM 3 Gross sales and net inflows 4-7 Currency profile of AUM 8 AUM diversification

More information

Schroders Q1 results. Data Pack. May 2013 For professional investors only. This material is not suitable for retail clients.

Schroders Q1 results. Data Pack. May 2013 For professional investors only. This material is not suitable for retail clients. Schroders 2013 Q1 results Data Pack May 2013 For professional investors only. This material is not suitable for retail clients. Contents Page Assets under management (AUM) 2 Regional diversification of

More information

Schroders Interim Results. Data Pack. trusted heritage advanced thinking

Schroders Interim Results. Data Pack. trusted heritage advanced thinking Schroders 2009 Interim Results trusted heritage advanced thinking Data Pack 1 Contents Page Funds under management 2 FUM by client domicile 4 Currency profile 5 Funds under management diversification 6

More information

Schroders Q1 results. Data Pack. trusted heritage advanced thinking

Schroders Q1 results. Data Pack. trusted heritage advanced thinking Schroders 2011 Q1 results trusted heritage advanced thinking Data Pack Contents Page Funds under management (FUM) 2 FUM by client domicile 3 Currency profile of FUM 4 FUM diversification 5 Asset Management

More information

Schroders Year End Results. Data Pack. trusted heritage advanced thinking

Schroders Year End Results. Data Pack. trusted heritage advanced thinking Schroders 2009 Year End Results trusted heritage advanced thinking Data Pack 1 Contents Page Funds under management (FUM) 2 FUM by client domicile 3 Currency profile of FUM 4 FUM diversification 5 Asset

More information

Strategic investment with strong cost discipline

Strategic investment with strong cost discipline Business and financial review Strategic investment with strong cost discipline 2017 has been another successful year for Schroders, as we delivered record pre-tax and exceptionals profits of 800.3 million,

More information

PRESS CONFERENCE 2 November 2012

PRESS CONFERENCE 2 November 2012 PRESS CONFERENCE 2 November 212 3Q 212 Fund s market value Quarterly numbers, 3 September 212. Billions of kroner 4 3 5 Asset class Value Percentage fund Equities 2 247 6.3% 3 723 4 3 5 3 Fixed Income

More information

Annual results 2018 Presentation 7 March Peter Harrison Group Chief Executive

Annual results 2018 Presentation 7 March Peter Harrison Group Chief Executive Annual results 218 Presentation 7 March 219 Peter Harrison Group Chief Executive Resilient results with strategic progress Peter Harrison Group Chief Executive 1 Annual Results 218 Year of strategically

More information

Schroders Interim Results. Michael Dobson Chief Executive. 5 August trusted heritage advanced thinking

Schroders Interim Results. Michael Dobson Chief Executive. 5 August trusted heritage advanced thinking Schroders 200 Interim Results trusted heritage advanced thinking Michael Dobson Chief Executive 5 August 200 H 200 overview Net new business 6.bn (H 2009:.8bn) Funds under management 64.0bn (3 Dec 2009:

More information

Press Release Schroders plc Full-year results 1 March 2018

Press Release Schroders plc Full-year results 1 March 2018 Press Release Schroders plc Full-year results 1 March 2018 Profit before tax and exceptional items* up 24% to 800.3 million (2016: 644.7 million) Profit before tax up 23% to 760.2 million (2016: 618.1

More information

Press Release Schroders plc Half-year results to 30 June 2018 (unaudited) 26 July 2018

Press Release Schroders plc Half-year results to 30 June 2018 (unaudited) 26 July 2018 Press Release Schroders plc Half-year results to 30 June 2018 (unaudited) 26 July 2018 Net income before exceptional items up 11% to 1,086.1 million (H1 2017: 974.4 million) Profit before tax and exceptional

More information

Solvency Capital Requirement

Solvency Capital Requirement Solvency Capital Requirement Market Risk Report Pyrford Pyrford Global Total Return (Sterling) Fund Class B Stg Accumulating Page 1 Market Risk - SCR Contribution Sub Module SCR (GBP) % AUM Interest rate

More information

BLOOMBERG DOLLAR INDEX 2018 REBALANCE

BLOOMBERG DOLLAR INDEX 2018 REBALANCE BLOOMBERG DOLLAR INDEX 2018 REBALANCE 2018 REBALANCE HIGHLIGHTS Euro maintains largest weight 2018 BBDXY WEIGHTS Euro Canadian dollar largest percentage weight decrease Swiss franc has largest percentage

More information

Marketing material for professional investors or advisors only. Fund Ranges for Switzerland July 2018

Marketing material for professional investors or advisors only. Fund Ranges for Switzerland July 2018 Marketing material for professional investors or advisors only. Fund Ranges for Switzerland July 2018 Contents 3 Schroders Team in Switzerland 4 7 Schroder International Selection Fund 8 Schroder Alternative

More information

Our continued success is reliant upon achieving our clients investment objectives.

Our continued success is reliant upon achieving our clients investment objectives. Strategic report Strategy and business review Our business model starts with our clients. Our continued success is reliant upon achieving our clients investment objectives. It is only by demonstrating

More information

Dear Security Holder. 9 June 2017

Dear Security Holder. 9 June 2017 Dear Holder Re: ETFS Foreign Exchange Limited (the Company ) Accounting period ended 31 December 2016 UK Information to Holders 9 June 2017 The of the Company set out below have been approved as s by HM

More information

Operational Efficiency for Offshore RMB

Operational Efficiency for Offshore RMB Operational Efficiency for Offshore RMB Lisa O Connor, SWIFT May 2012 SWIFT s role Facilitate RMB transactions & automation Broaden industry understanding Provide business insights Provide a global network

More information

Schroders plc today issues its interim management statement covering the nine months to 30 September 2016.

Schroders plc today issues its interim management statement covering the nine months to 30 September 2016. Schroders plc Interim management statement 3 November 2016 Schroders plc today issues its interim management statement covering the nine months to 30 September 2016. Profit before tax and exceptional items

More information

Intragroup Margin Exemption Disclosure Under The European Market Infrastructure Regulation

Intragroup Margin Exemption Disclosure Under The European Market Infrastructure Regulation Intragroup Margin Exemption Disclosure Under The European Market Infrastructure Regulation The European Market Infrastructure Regulation (EMIR) sets out minimum risk-mitigation techniques that apply to

More information

Antipodes Global Fund

Antipodes Global Fund Antipodes Fund ARSN 087 719 1 APIR IOF004AU FUND UPDATE AS AT 30 JUNE 2018 Fund features pragmatic value manager, long only and long-short Structured to reinforce alignment between investors and the investment

More information

Schroders Fund Ranges

Schroders Fund Ranges Schroders Fund Ranges For professional investors or advisers only Table of Contents: Schroders Team... 2 Schroder International Selection Fund...3-4 Schroder Alternative Solutions... 5 Schroder GAIA...

More information

2015 FUZZY DAY CONFERENCE Facts that are Not Facts. The US dollar Safe Haven Myth and the United States Hedge Fund.

2015 FUZZY DAY CONFERENCE Facts that are Not Facts. The US dollar Safe Haven Myth and the United States Hedge Fund. 2015 FUZZY DAY CONFERENCE Facts that are Not Facts The US dollar Safe Haven Myth and the United States Hedge Fund Alessio de Longis 1 The Role of Currency in Institutional Portfolios, edited by Momtchil

More information

Hedging Currency Risk for Australian Dollar Based Investors. Insight Investment

Hedging Currency Risk for Australian Dollar Based Investors. Insight Investment Hedging Currency Risk for Australian Dollar Based Investors Insight Investment Adam Kibble +612 9260 6657 adam.kibble@insightinvestment.com 12/92 12/93 12/94 12/95 12/96 12/97 12/98 12/99 12/00 12/01 12/02

More information

STANDARD TARIFF SCALE

STANDARD TARIFF SCALE AMERIABANK CJSC 17TR PL 72-20 Page 1/7 Approved by Management Board Decision 09/81/16 as of June 03, 2016 Chairman of the Management Board General Director Artak Hanesyan June 06, 2016 ANNEX 1 TO BROKERAGE

More information

Fixed Income Presentation Q3 2017

Fixed Income Presentation Q3 2017 Fixed Income Presentation Q3 2017 Daimler follows a conservative Financial Policy Clear commitment to a single A rating Balanced approach between shareholder interest and credit providers Dividend policy

More information

Antipodes Global Fund

Antipodes Global Fund Antipodes Fund ARSN 087 719 515 APIR IOF0045AU FUND UPDATE AS AT 31 MAY 2018 Fund features pragmatic value manager, long only and long-short Structured to reinforce alignment between investors and the

More information

ABSOLUTE INSIGHT CURRENCY FUND

ABSOLUTE INSIGHT CURRENCY FUND FOR PROFESSIONAL CLIENTS ONLY. NOT TO BE REPRODUCED WITHOUT PRIOR WRITTEN APPROVAL. PLEASE REFER TO ALL RISK DISCLOSURES AT THE BACK OF THIS DOCUMENT. ABSOLUTE INSIGHT CURRENCY FUND BENEFITS Diversification:

More information

Foreign Exchange Interventions and the Growth of FX Reserves: Diversification Potential?

Foreign Exchange Interventions and the Growth of FX Reserves: Diversification Potential? Adam Smith Seminars: 2016 AND BEYOND: WORLD ECONOMIC PROSPECTS (III) Foreign Exchange Interventions and the Growth of FX Reserves: Diversification Potential? Lubomír Lízal, Ph.D. Budapest, November 9,

More information

LBBW FIXED INCOME CONFERENCE BERND DASER, INVESTOR RELATIONS.

LBBW FIXED INCOME CONFERENCE BERND DASER, INVESTOR RELATIONS. Stuttgart, September 29, 2015 LBBW FIXED INCOME CONFERENCE 2015. BERND DASER, INVESTOR RELATIONS. AGENDA. 1 OPERATING PERFORMANCE 2015 2 FUTURE GROWTH 3 FUNDING THE GROWTH: BMW GROUP TREASURY ACTIVITIES

More information

ETFS Physical Renminbi ETF. ASX code: ZCNH

ETFS Physical Renminbi ETF. ASX code: ZCNH ETFS Physical Renminbi ETF ASX code: ZCNH The intelligent alternative The Exchange Traded Fund that lets you cash in on China The intelligent alternative What is ETFS Physical Renminbi ETF? At a glance

More information

Classes of OTC derivatives that LCH Limited has been authorised to clear as notified to ESMA under Regulation 648/2012

Classes of OTC derivatives that LCH Limited has been authorised to clear as notified to ESMA under Regulation 648/2012 Classes of OTC derivatives that LCH Limited has been authorised to clear as notified to ESMA under Regulation 648/2012 In accordance with Article 6 of Regulation (EU) No 648/2012 of the European Parliament

More information

Conference Call Q Results. 25 April 2018

Conference Call Q Results. 25 April 2018 Conference Call Results 25 April Disclaimer Forward-looking Statements This discussion may contain forward-looking statements about Linde and its businesses, including statements concerning its strategies,

More information

STANDARD TARIFF SCALE STOCK, ADR, ETF

STANDARD TARIFF SCALE STOCK, ADR, ETF AMERIABANK CJSC 17TR PL 72-20 Page 1/8 ANNEX 1 TO BROKERAGE SERVICE AGREEMENT Brokerage Service Fees for AMERIA GLOBAL TRADING Terminal STANDARD TARIFF SCALE STOCK, ADR, ETF Table 1 USA Canada Mexico Austria

More information

FTSE World Parity Unit (FTSE WPU)

FTSE World Parity Unit (FTSE WPU) Methodology overview FTSE World Parity Unit (FTSE WPU) Introduction Key features For nondomestic funds, currency risk can be the largest single risk faced by the fund. Global equities have highly undiversified

More information

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers. Diversified Energy Industrial

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers. Diversified Energy Industrial Weekly Flows by Sector (US$mn) TOTAL -153 Diversified Energy Industrial Precious -195 Agriculture Livestock Equities FX -2-3 -1 3 2 26-3 -2-1 1 Top 5 Inflows/Outflows (US$mn) EUR JPY Cotton Agriculture

More information

PIMCO Global Advantage Government Bond Index. Index Specification

PIMCO Global Advantage Government Bond Index. Index Specification PIMCO Global Advantage Government Bond Index January 2011 Contents 1 Index Overview... 3 2 Country Classification and Eligibility Rules... 5 2.1 Regional Classification... 5 2.2 Instrument Categories...

More information

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers TOTAL. Diversified Energy Industrial Precious

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers TOTAL. Diversified Energy Industrial Precious Weekly Flows by Sector (US$mn) TOTAL Diversified Energy Industrial Precious Agriculture Livestock Equities FX -5-4 9 1 7 12 48 69-5 5 1 Top 5 Inflows/Outflows (US$mn) Industrial metals Energy Copper USD

More information

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers. Diversified Energy Industrial

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers. Diversified Energy Industrial Weekly Flows by Sector (US$mn) TOTAL -22 Diversified Energy Industrial Precious -165 Agriculture Livestock Equities FX -4-2 -39-1 8 1-3 -2-1 1 Top 5 Inflows/Outflows (US$mn) Coffee Soybeans Cotton USD

More information

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers. TOTAL Diversified Energy Industrial

Weekly Flows by Sector (US$mn) Top 5 Inflows/Outflows (US$mn) Top 5 / Bottom 5 Performers. TOTAL Diversified Energy Industrial Weekly Flows by Sector (US$mn) TOTAL Diversified Energy Industrial Precious -81 Agriculture Livestock Equities FX -3-38 -1 2 8 5 75-1 -5 5 1 Top 5 Inflows/Outflows (US$mn) Agriculture Copper USD Coffee

More information

Schroders. KBW European Financials Conference. Massimo Tosato Vice Chairman. 17 September trusted heritage advanced thinking

Schroders. KBW European Financials Conference. Massimo Tosato Vice Chairman. 17 September trusted heritage advanced thinking Schroders KBW European Financials Conference Massimo Tosato Vice Chairman trusted heritage advanced thinking 17 September 2008 Schroders plc Overview Independent Exclusive focus on asset management Global

More information

2018 Half Year Results Six months to 31 March 2018

2018 Half Year Results Six months to 31 March 2018 2018 Half Year Results Six months to 31 March 2018 Emilio Gonzalez CFA, Group Chief Executive Officer Cameron Williamson CA, Group Chief Financial Officer 10 May 2018 Welcome to Pendal Group s Interim

More information

Bureau Veritas Q3 Fiscal Revenue October 25, 2017

Bureau Veritas Q3 Fiscal Revenue October 25, 2017 2017 Q3 Fiscal Revenue October 25, 2017 Highlights Q3 2017 Highlights Group revenue at 1.13bn, up + 3.8% y/y at constant currency Organic revenue growth at +2.2% 4 out of 6 businesses posting organic growth,

More information

MPG End-2014 G-SIB template

MPG End-2014 G-SIB template Size Indicator Section 2 - Total Exposures GSIB Amount in thousand EUR a. Counterparty exposure of derivatives contracts 1012 2.324.745 2.a. b. Gross value of securities financing transactions (SFTs) 1013

More information

Growth in a low return world

Growth in a low return world Growth in a low return world Morgan Stanley European financials conference Massimo Tosato Executive Vice-Chairman 19 March 2013 Performance 2012 Investing for long-term growth Investment performance: 71%

More information

Press Schro. oders. 2 August Half-year. results to. Contacts: Net inflows. 2.7 billion. Schroders. ions. William Clutterbuck

Press Schro. oders. 2 August Half-year. results to. Contacts: Net inflows. 2.7 billion. Schroders. ions. William Clutterbuck Press s Releasee Schro oders plc Half-year results to 2012 (unaudited) 2 August 2012 Profit before tax 177..4 million (H1 : 215.7 million) Earnings per share 50.7 pence per share (H1 : 60.7 pence per share)

More information

Third Quarter of Fiscal Year Ending December 31, 2017 Financial Performance Unicharm Investor Meeting Presentation Materials

Third Quarter of Fiscal Year Ending December 31, 2017 Financial Performance Unicharm Investor Meeting Presentation Materials Third Quarter of Fiscal Year Ending December 31, 2017 Financial Performance Unicharm Investor Meeting Presentation Materials November 10, 2017 Takahisa Takahara President and CEO Unicharm Corporation Projections

More information

The Luxembourg Fund industry Facts and Figures. 7 October, 2009

The Luxembourg Fund industry Facts and Figures. 7 October, 2009 The Luxembourg Fund industry Facts and Figures 7 October, 2009 AGENDA 1. Worldwide Fund industry 2. European landscape 3. Luxembourg market 4. Luxembourg : hub for cross border distribution Agenda 1. Worldwide

More information

Aberdeen Asset Management

Aberdeen Asset Management Aberdeen Asset Management Interim results to 31 March 2017 Martin Gilbert, Chief Executive and Bill Rattray, Finance Director 2 May 2017 Financial highlights 1H 2016 2H 2016 1H 2017 Operating margin 32.2%

More information

Total Capital Period from January 1 to March 31, 2014

Total Capital Period from January 1 to March 31, 2014 KPMG Audit ERNST & YOUNG Audit This is a free translation into English of a report issued in French and it is provided solely for the convenience of English-speaking users. This report should be read in

More information

Ashmore Group plc. Results for six months ending 31 December February

Ashmore Group plc. Results for six months ending 31 December February Ashmore Group plc Results for six months ending 31 December 2017 8 February 2018 www.ashmoregroup.com Overview Accelerating growth and outperformance across Emerging Markets GDP growth driven by exports,

More information

FundMarket Insight Report Singapore Market Month-End Analysis May 31, 2013

FundMarket Insight Report Singapore Market Month-End Analysis May 31, 2013 Lipper Research Series FundMarket Insight Report Singapore Market Month-End Analysis May 31, 2013 Markets Summary China Shanghai Composite Index rebounded 5.63% and took the lead among global major markets,

More information

2015 December Fund Performance at a Glance

2015 December Fund Performance at a Glance IMPORTANT RISK WARNINGS Investment involves risks (including the possibility of loss of the capital invested). Prices of units may rise as well as fall and past performance information presented is not

More information

WECC Global PCB Production Report For 2016

WECC Global PCB Production Report For 2016 WECC Global PCB Production Report For 2016 Published October 2017 A product of the partnership among these WECC associations on behalf of their members in the electronic circuits industry worldwide WECC

More information

Connecting Our Clients to Global Investment Opportunities

Connecting Our Clients to Global Investment Opportunities Connecting Our Clients to Global Investment Opportunities Connecting Clients to Investment Opportunities Our Mission 1 The HSBC Group is one of the world s largest financial services organisations, with

More information

Third Quarter of the Fiscal Year Ending December 31, 2016 Unicharm Presentation Materials for Investor Meeting

Third Quarter of the Fiscal Year Ending December 31, 2016 Unicharm Presentation Materials for Investor Meeting Third Quarter of the Fiscal Year Ending December 31, 2016 Unicharm Presentation Materials for Investor Meeting November 4, 2016 Takahisa Takahara President and CEO Unicharm Corporation Projections stated

More information

To enhance financial stability by providing risk mitigation services to the global FX market

To enhance financial stability by providing risk mitigation services to the global FX market IOSCO-CONFYN 2012 Financial Stability in a Period of Volatility www.cls-group.com Gerard Hartsink Chairman of the Board November 2012 CLS and the CLS Logo are registered trademarks of CLS UK Intermediate

More information

The Current Risk Landscape. Axioma Insight Findings Melissa R. Brown, CFA

The Current Risk Landscape. Axioma Insight Findings Melissa R. Brown, CFA The Current Risk Landscape Axioma Insight Findings Melissa R. Brown, CFA About Axioma Axioma provides portfolio construction, risk modeling and performance attribution tools to asset managers and asset

More information

SKAGEN Tellus Statusrapport april 2017

SKAGEN Tellus Statusrapport april 2017 SKAGEN Tellus Statusrapport april 2017 Key numbers as of 30 April 2017 (SEK, net of fees) April QTD YTD 1 years 3 years 5 years Since inception* SKAGEN Tellus 0,03% 0,03% 0,24% 9,31% 6,62% 6,06% 5,55%

More information

Results and Review Half-Year August 2017

Results and Review Half-Year August 2017 Results and Review Half-Year 2017 3 August 2017 Agenda H1 2017 Summary Alexander S. Friedman, Group CEO H1 2017 Financial Results Richard McNamara, Group CFO Strategy Update and Outlook Alexander S. Friedman,

More information

STANDARD TARIFF SCALE

STANDARD TARIFF SCALE AMERIABANK CJSC 17TR PL 72-20 Page 1/8 Approved by Management Board Decision 07/37/15 as of December 23, 2015 Chairman of the Management Board General Director Artak Hanesyan December 28, 2015 ANNEX 1

More information

Income. Income Amounts. Income Segments. As part of the Core survey, GWI asks all respondents about their annual household income.

Income. Income Amounts. Income Segments. As part of the Core survey, GWI asks all respondents about their annual household income. Income Amounts Income Segments As part of the Core survey, GWI asks all respondents about their annual household income. We state that they should think about their household income, rather than their

More information

FundMarket Insight Report Singapore Market Month-End Analysis April 30, 2013

FundMarket Insight Report Singapore Market Month-End Analysis April 30, 2013 Lipper Research Series FundMarket Insight Report Singapore Market Month-End Analysis April 30, 2013 Markets Summary Japan Nikkei 225 Index surged 11.80% and took the lead among global major markets, while

More information

Annual Market Review Portfolio Management

Annual Market Review Portfolio Management 2016 Annual Market Review 2016 Portfolio Management 2016 Annual Market Review This report features world capital market performance for the past year. Overview: Market Summary World Asset Classes US Stocks

More information

BANK OF KATHMANDU LTD.

BANK OF KATHMANDU LTD. Disclosures under Basel III Ashwin 2075 Capital Structure & Capital Adequacy as per Basel III 1. Tier 1 Capital and Breakdown of its Components : A Core Capital (Tier 1) 12,175,615,990 12,036,648,743 1

More information

T. Rowe Price Funds SICAV A Luxembourg UCITS

T. Rowe Price Funds SICAV A Luxembourg UCITS PROSPECTUS T. Rowe Price Funds SICAV A Luxembourg UCITS Bond Funds Asia Credit Bond Fund Diversified Income Bond Fund Dynamic Global Bond Fund Dynamic Global Investment Grade Bond Fund Emerging Local Markets

More information

Official Journal of the European Union L 83/71

Official Journal of the European Union L 83/71 22.3.2013 Official Journal of the European Union L 83/71 ANNEX IV Reporting Templates: AIFM (Articles 3(3)(d) and 24 of Directive 2011/61/EU) AIFM-specific information to be reported (Articles 3(3)(d)

More information

2017 Annual Market Review

2017 Annual Market Review 2017 Annual Market Review 19 2017 Annual Market Review This report features world capital market performance for the past year. Overview: Market Summary World Asset Classes US Stocks International Developed

More information

Variable Universal Life (VUL) Predicting the future Creating a tailor-made solution for HNW clients

Variable Universal Life (VUL) Predicting the future Creating a tailor-made solution for HNW clients Variable Universal Life (VUL) Predicting the future Creating a tailor-made solution for HNW clients Anticipating the future Anticipating sport events World Cup 2014 Mike Tyson Anticipating elections..

More information

4 th Quarter 2017 Earnings Conference Call. January 30, 2018

4 th Quarter 2017 Earnings Conference Call. January 30, 2018 4 th Quarter 2017 Earnings Conference Call January 30, 2018 Safe Harbor Today s presentation includes forward-looking statements that reflect management s current expectations about the Company s future

More information

Risk-free interest rate term structures. Report on the. Calculation of the UFR for 2019

Risk-free interest rate term structures. Report on the. Calculation of the UFR for 2019 EIOPA-BoS-18/141 21 March 2018 Risk-free interest rate term structures Report on the Calculation of the UFR for 2019 Executive summary EIOPA has calculated the ultimate forward rate (UFR) for 2019 in accordance

More information

Ashmore Group plc. Results for year ending 30 June September

Ashmore Group plc. Results for year ending 30 June September Ashmore Group plc Results for year ending 30 June 2018 7 September 2018 www.ashmoregroup.com Overview Strong operating and financial performance Active investment continues to produce outperformance (94%

More information

ANNEX 4 1 (CURRENCY EXCHANGE)

ANNEX 4 1 (CURRENCY EXCHANGE) 1. Turnover and Operating Cash Flow: ANNEX 4 1 (CURRENCY EXCHANGE) The Participant s Weighted Turnover or the Member s or Guarantor s Weighted Average Operating Cash Flow (as the case may be), shall be

More information

Q3 and 9M 2018 Trading Update

Q3 and 9M 2018 Trading Update Q3 and 9M 2018 Trading Update DISCLAIMER This presentation may contain forward looking statements based on current expectations and projects of the Group in relation to future events. Due to their specific

More information

2015 Half Year Results Strongly improved free cash flow, on track to achieve 2015 targets. 17 July 2015

2015 Half Year Results Strongly improved free cash flow, on track to achieve 2015 targets. 17 July 2015 Strongly improved free cash flow, on track to achieve 2015 targets 17 July 2015 Gilles Andrier Chief Executive Officer 2 Financial highlights Sales of CHF 2.2 billion, up 1.3% on a like-for-like* basis

More information

AsiaPac Listed Securities Monthly Fund Tracker

AsiaPac Listed Securities Monthly Fund Tracker AsiaPac Listed Securities Monthly Fund Tracker...your guide to property securities fund performance December 2017 1 Introduction This report summarises the performance of significant AsiaPac-focused property

More information

Half-year results July 26, 2018 Nestlé half-year results

Half-year results July 26, 2018 Nestlé half-year results Half-year results 2018 July 26, 2018 Nestlé half-year results 2018 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward

More information

Managing the Risk of a Strategic USD- Asian Exposure. A Markowitz Approach to Proxy Hedging

Managing the Risk of a Strategic USD- Asian Exposure. A Markowitz Approach to Proxy Hedging Managing the Risk of a Strategic USD- Asian Exposure A Markowitz Approach to Proxy Hedging Introduction Framework A Asian Asset Manager holds some USD assets and wants to hedge the resulting FX exposure.

More information

Public Register for the Clearing Obligation under EMIR

Public Register for the Clearing Obligation under EMIR Public Register for the Clearing Obligation under EMIR In accordance with Article 6 of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central

More information

Market Review: FX Themes, Valuation & JPY Flow Update

Market Review: FX Themes, Valuation & JPY Flow Update Market Review: FX Themes, Valuation & JPY Flow Update Derek Halpenny European Head of Global Markets Research European Central Bank 29 th January 2015 Bank of Tokyo-Mitsubishi UFJ Ltd A member of MUFG,

More information

Invesco third quarter 2013 results

Invesco third quarter 2013 results Invesco third quarter 2013 results Martin L. Flanagan President and Chief Executive Officer Loren M. Starr Chief Financial Officer October 31, 2013 Forward-looking statements This presentation, and comments

More information

Full-year results 2017 Conference. February 15, 2018 Nestlé full-year results 2017

Full-year results 2017 Conference. February 15, 2018 Nestlé full-year results 2017 Full-year results 2017 Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain

More information

Financial Institutions Payment Services Cut-off times

Financial Institutions Payment Services Cut-off times Financial Institutions Payment Services Cut-off times ING Belgium SA/NV May 2017 1. Commercial payments in EUR Value date Payments initiated by your bank for third party 16:45 1 D Payments initiated by

More information

ILLUSTRATIVE SCENARIOS FOR GEF-5 CONTRIBUTIONS

ILLUSTRATIVE SCENARIOS FOR GEF-5 CONTRIBUTIONS Fifth Meeting for the Fifth Replenishment of the GEF Trust Fund March 9-10, 2010 Rome, Italy GEF/R.5/27 February 16, 2010 ILLUSTRATIVE SCENARIOS FOR GEF-5 CONTRIBUTIONS (PREPARED BY THE WORLD BANK AS TRUSTEE)

More information

Corporate slide deck. For global use March Marketing material for professional investors and advisers only

Corporate slide deck. For global use March Marketing material for professional investors and advisers only Corporate slide deck For global use March 2018 Marketing material for professional investors and advisers only About Schroders Corporate snapshot Assets under management and administration 447.0 billion

More information

OPTIMTRADER PRICING Premium Pricing Structure

OPTIMTRADER PRICING Premium Pricing Structure OPTIMTRADER PRICING Premium Pricing Structure PREMIUM Pricing Structure is based on monthly active trading volume. Trading with the platform OptimTrader is subject to CM-Equity general terms and conditions.

More information

2016 Full Year Results Solid financial performance - in line with 2020 guidance. 31 January 2017

2016 Full Year Results Solid financial performance - in line with 2020 guidance. 31 January 2017 Solid financial performance - in line with 2020 guidance 31 January 2017 Gilles Andrier Chief Executive Officer 2 Financial highlights Sales of CHF 4.7 billion, up 4.2% on a like-for-like basis EBITDA

More information

BANK OF KATHMANDU LTD.

BANK OF KATHMANDU LTD. Disclosures under Basel III Poush 2074 Capital Structure & Capital Adequacy as per Basel III 1. Tier 1 Capital and Breakdown of its Components : A Core Capital (Tier 1) 10,961,033,475 10,823,380,785 1

More information

OPTIMTRADER COMMISSIONS

OPTIMTRADER COMMISSIONS OPTIMTRADER COMMISSIONS Package BASIC OPTIMUM PREMIUM MINIMUM DEPOSIT 5.000 USD or another currency equivalent 10.000 USD another currency equivalent According to the MONTHLY TRADING VOLUME OptimTrader

More information

ETF Securities Weekly Flows Analysis Largest monthly inflows into Robotics ETPs since creation

ETF Securities Weekly Flows Analysis Largest monthly inflows into Robotics ETPs since creation Morgane Delledonne Fixed Income Strategist research@etfsecurities.com 13 January 217 ETF Securities Weekly Flows Analysis Largest monthly inflows into Robotics ETPs since creation Robotics ETP saw US$52m

More information

R I S K M A N A G E M E N T D I S C U S S I O N. October 2016

R I S K M A N A G E M E N T D I S C U S S I O N. October 2016 October 2016 Markets Today: Considerations for Public Sector Entities Markets have changed significantly over the last decade, specially after the 2008 crisis. Regulators around the world have increased

More information

D ATA PA C K Full Year Results JUPITER FUND MANAGEMENT PLC

D ATA PA C K Full Year Results JUPITER FUND MANAGEMENT PLC D ATA PA C K 2017 Full Year Results JUPITER FUND MANAGEMENT PLC 2017 FULL YEAR RESULTS 1 Contents Overview of Jupiter AUM Page 2 Investment performance Page 3 AUM by investment strategy Page 5 AUM and

More information

Leading in Challenging Times Sustaining Profitable Growth

Leading in Challenging Times Sustaining Profitable Growth Leading in Challenging Times Sustaining Profitable Growth S Mahalingam Chief Financial Officer & Executive Director Analyst Day, Mumbai 12 February 2008 Top Investor Concerns Sustaining Growth US economic

More information

Framework for the euro foreign exchange reference rates

Framework for the euro foreign exchange reference rates Framework for the euro foreign exchange reference rates The euro foreign exchange reference rates (also known as the ECB reference rates), the European Central Bank in its capacity as the administrator

More information

CONTENT FINANCIAL HIGHLIGHTS BUSINESS OVERVIEW Highlights

CONTENT FINANCIAL HIGHLIGHTS BUSINESS OVERVIEW Highlights FINANCIAL HIGHLIGHTS BUSINESS OVERVIEW CONTENT FINANCIAL HIGHLIGHTS 2013 Highlights Revenue Analysis Operating Income Analysis Cash Flows Currency Analysis Second half 2013 BUSINESS OVERVIEW 2 FINANCIAL

More information

SKAGEN Tellus Status Report February 2017

SKAGEN Tellus Status Report February 2017 SKAGEN Tellus Status Report February 2017 Key numbers as of 28 February 2017 EUR, net of fees February QTD 2016 1 years 3 years 5 years Since inception* SKAGEN Tellus 1,6% 0,7% 5,7% 5,5% 5,9% 4,7% 5,4%

More information

The Lombard Loan Your Bridge to Financial Flexibility

The Lombard Loan Your Bridge to Financial Flexibility Your Bridge to Financial Flexibility An Attractive and Flexible Financing Opportunity for You Are you in need of liquidity? Or would you like to exploit an investment opportunity without selling your existing

More information