BT Investment Management posts rise in FUM
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Samantha Hodge is a journalist with InvestorDaily, a Morningstar publication.
BT Investment Management (BTT) has posted an increase in funds under management (FUM) for the quarter ended 30 September 2012.
BTT's FUM rose $1.2 billion quarter on quarter to $34.4 billion for the September quarter, excluding JO Hambro Capital Management.
Including JO Hambro, BTT saw its FUM rise by $2.3 billion to $46.6 billion for the period.
"We are pleased with where we are at in this last quarter," BTT chief financial officer Cameron Williamson told InvestorDaily.
But while the market environment has improved over the last quarter, BTT said there is still a lot of wariness and uncertainty for investors.
Williamson said the continued uncertainty has delayed flows back to the market, particularly on the wholesale level.
"People are a bit more upbeat about the market and the pathway forwards. Obviously what is happening in Europe is giving a bit more certainty around what things might look like going forward, so that is helping," he said.
"But again we haven't seen that term deposit rates coming off has assisted with people coming back into the risk asset classes as well."
He said BTT will continue to focus on delivering new products to the market in order to improve FUM for the next quarter.