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Pendal Group Announces Regarding Funds Under Management for Quarter Ended 31 December 2019

14 Jan 2020  |  09:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Funds Under Management - quarter ended 31 December 2019

Pendal Group announced its funds under management (FUM) for the December quarter at $101.4bn, up 1% (+$1.0bn). The most impact on its FUM was higher markets which saw the MSCI All Countries World Index in local currency terms (MSCI ACWI) increase 7.4% over the period. Net outflows for the quarter totalled -$1.3bn, an improvement on the previous two quarters. The annualised effect of the quarterly net outflows on its fee income is a reduction of $8.9m.

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