Interim results for the six months to 30 September 2020

Highlights

•  Solid performance despite challenging operating conditions.
•  Assets under management increased 15% to £119.0 billion, though average AUM decreased
  by 3%.
•  Net outflows of £0.3 billion.
•  Significant improvement in investment performance during the period.
•  Net revenue decreased 1% to £297.3 million, although performance fees increased
  substantially (to £18.0 million).
•  Profit before tax increased 3% to £94.8 million.
•  Basic earnings per share increased 1% to 7.9p and adjusted earnings per share remained flat.
•  Declared an interim dividend of 5.9p per share.
•  Staff shareholding increased to 22.5%.

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