Emerging Markets  

Emerging markets boosts River & Mercantile's AUM

Emerging markets boosts River & Mercantile's AUM

Boutique asset management firm River & Mercantile reported assets under management of £32.6bn for the six months to 31 December 2017, an increase of 5 per cent on the previous half year.

Inflows were £3.6bn of which £2.6bn was the result of sales, with £300m of inflows into the Emerging Markets unit.

The company said investment performance was positive across all divisions.

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River & Mercantile earned £7m in performance fees during the period.

Mike Faulkner, chief executive of River & Mercantile, said: "Equity markets have seen relatively strong performance, which has supported the growth of the equity solutions division during the half.

"Our pipeline remains robust, and we are seeing strong demand in the local government pension sector for our derivatives services.

"We believe we are well placed to compete for business here, particularly as the sector consolidates into pools."

River & Mercantile announced in December that it would join many of its peers in absorbing fund research costs under Mifid regulations.

david.thorpe@ft.com