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IN BRIEF: Record maintains guidance after another quarter of inflows

ALN

Record PLC - Windsor, England-based specialist currency and asset manager - Record says its full year earnings expectations remain unchanged despite global volatility, after a third successive quarter of net inflows in the fourth quarter. Record reports positive net flows of $1.4 billion, negative asset value moves of $1.4 billion and negative foreign exchange and scaling movement of $1.3 billion.

Assets under management at the end of March are $114.6 billion, down from $115.9 billion. The company books £400,000 of performance fees in the fourth quarter, up from £300,000 a year prior. This brings performance fees for the full year to £2.8 million, down from £3.2 billion. It adds that average fee rates in the quarter are broadly unchanged from the previous quarter.

Record says it will release its results for the financial year that ended March 31 on June 19.

Current stock price: 52.16p, down 1.6% in London early Friday

12-month change: down 3.8%

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