Q1 2019 Assets under Management and Administration updates
Ahead of today’s AGM, we have published a short Q1 update (as at 31 March 2019) confirming our assets under management and administration (AUMA) have increased by 3% to £568.9bn (31 Dec 2018: £551.5bn).
|31 December 2018 £bn||31 March 2019 £bn|
Institutional, Wholesale, Wealth and Digital|
Strategic insurance partners
|Retail - Wrap and Elevate|
|Assets under management and administration||551.5||568.9|
AUMA increased by 3% to £568.9bn (31 Dec 2018: £551.5bn) helped by positive market movements that were partly offset by the strength of Sterling. Gross inflows were boosted by £3.5bn of assets from Virgin Money, with whom we are launching a joint venture1. Net outflows continued to be concentrated in a small number of strategies. AUMA also benefited from the acquisition of Orion Partners, an Asia-based real estate manager, which added assets of £0.7bn.
You can read the full market announcement for more information.
Notice of results
Standard Life Aberdeen will be issuing its half year results 2019 on 7 August 2019.
1 The joint venture with Virgin Money is expected to complete in Q3 2019.