Charlemagne Capital Limited Q3 2016 AUM Update (2734M)

TIDMCCAP

RNS Number : 2734M

Charlemagne Capital Limited

12 October 2016

Charlemagne Capital Limited

12 October 2016

Charlemagne Capital Announces Unaudited Assets under Management as at 30 September 2016

Charlemagne Capital Limited ("Charlemagne" or the "Group") sets out below the Assets under Management ("AuM") as at 30 September 2016 and the movements for the third quarter of its current financial year.

Group AuM

Group AuM total is up 3.4% in the quarter to US$2.2 billion as at 30 September 2016.

The table below sets out the Group's AuM as at 30 September 2016 and the movements experienced in each product range in the period since 1 July 2016.

 
                  01-Jul-16     Net Subscriptions     Net Performance    30-Sep-16    Movement 
                                                                                         In 
                  AuM (US$m)    (US$m)       (%)       (US$m)     (%)    AuM (US$m)    Period 
                                                                                         (%) 
---------------  -----------  ----------  --------  -----------  -----  -----------  --------- 
 Magna               493          11         2.2         28       5.6       532         7.9 
 OCCO                541           8         1.5         19       3.5       568         5.0 
 Institutional       955         (68)       (7.1)        63       6.8       950        (0.5) 
 Specialist           96           7         7.3         3        3.0       106         10.4 
---------------  -----------  ----------  --------  -----------  -----  -----------  --------- 
 Total              2,085        (42)       (2.0)       113       5.5      2,156        3.4 
---------------  -----------  ----------  --------  -----------  -----  -----------  --------- 
 

Notes:

(1) Closing AuM is stated as including all subscription and redemption orders received for the relevant funds as at the close of the period but not processed until the first relevant dealing date of the following period.

(2) Net performance includes foreign currency effects for those assets not denominated in US dollars.

Enquiries:

Charlemagne Capital

   Jayne Sutcliffe, Chief Executive                                     Tel. [phone] 
   Lloyd Jones, Chief Financial Officer                              Tel. [phone] 
   Smithfield Consultants                                                      Tel. [phone] 

John Kiely

Ged Brumby

   N+1 Singer (Nominated Adviser)                                   Tel. [phone] 

Gillian Martin

This announcement is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Canada, Japan or South Africa or any other jurisdiction into which the release, publication or distribution would be unlawful. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese, South African or other securities law. The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and persons into whose possession this announcement comes should inform themselves about and observe any such restrictions.

This announcement contains (or may contain) certain forward-looking statements with respect to the financial condition, results of operations and businesses of the Group. These statements and forecasts are based on Charlemagne's beliefs, assumptions and expectations of the Group's future performance. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to Charlemagne at the date of this announcement or are within its control, that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. Data or statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Nothing in this announcement should be construed as a profit forecast or to imply that the earnings of the Company for the current or future financial years will necessarily match or exceed the historical or published earnings of the Group.

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for, any securities in Charlemagne or any other entity. This announcement is aimed at providing information regarding the Assets under Management on which revenue is derived by Charlemagne. The unaudited data contained in this announcement are currently provisional and all such data are subject to change without notice and, except as required by applicable law, neither Charlemagne nor Singer Capital Markets assumes any responsibility or obligation to update publicly or review any of the data or statements contained herein.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 12, 2016 02:00 ET (06:00 GMT)