Gross Sales and NCCF increased by £1 billion compared to Q1 13


Old Mutual Global Investors delivered a strong performance over the first quarter of 2014 as it continues to deliver its vision of being one of the UK’s leading investment management houses. 

Old Mutual Global Investors saw gross sales increase 66% to £2.5 billion (Q1 2013: £1.5 billion). NCCF increased to £1.1 billion against £0.1 billion in the comparative period, with NCCF from UK third party distribution channels increasing significantly to £0.7 billion (Q1 2013: £0.1 billion). This growth is a result of Old Mutual Global Investors’ strong sales performance across the majority of asset classes, which saw overall funds under management end the period up 9% since the beginning of the year. This growth was also facilitated by Old Mutual Global Investors strengthening its brand presence and continuing to deliver strong investment performance – 44% of its core funds are top quartile over three years and 72% have outperformed their benchmark over the same period (as at 31 March 2014).

As reported in The Pridham Report, Old Mutual Global Investors was the top selling fund group in the UK in terms of net retail sales (£0.9 billion) and number five by gross retail sales (£1.6 billion) during the first quarter of 2014.  This is a remarkable jump from where the company was in 2012 and 2013.  A wide range of funds saw assets under management grow substantially compared to end Q1 2013, notable increases were to the following ten funds:

 

AUM Millions (GBP)

 

Funds

Mar-13

Mar-14

INCREASE

%

OM Global Equity Absolute Return Fund

             65.6

           554.0

744%

OM UK Alpha Fund

           163.0

        1,263.8

675%

OM Global Equity Fund

             13.4

             70.3

423%

OM Monthly Income Bond Fund

             31.0

           112.2

262%

OM North American Equity Fund

             86.3

           305.2

254%

OM Global Statistical Arbitrage Fund

             71.8

           163.1

127%

OM UK Equity Income Fund

             54.2

           120.6

123%

OM UK Equity Fund

           183.3

           322.6

76%

OM UK Specialist Equity Fund

              6.2

             10.5

70%

OM UK Smaller Companies Fund

           581.3

           955.1

64%

Julian Ide, Chief Executive of Old Mutual Global Investors, comments:  “Since the creation of Old Mutual Global Investors in 2012 we have focused on delivering products and services that meet the needs of our clients.  Our aim has been to deliver top performing investment funds that position us in line with our peers in the industry.   Over the last year we have also focused on positioning our company as a stand out brand in an already busy industry.

“We believe that the Q1 14 results clearly demonstrate that Old Mutual Global Investors is now considered to be one of the leading investment companies within our industry.  We continue to make positive momentum during Q2 and the changes announced to annuities in this year’s Budget present an opportunity for us to grow our Generation Fund range, which is a product for investors seeking an alternative investment option to an annuity.”

-       ends –

Media Contacts:

Vee Montebello

Head of PR and Internal Communications, London                        + 44 20 7 332 7687

Notes for editors:

Old Mutual Global Investors

Old Mutual Global Investors has grown strongly since its creation in August 2012.    Old Mutual Global Investors is the asset management division of Old Mutual Wealth.  The team consists of 184 industry professionals, including a team of 47 investment professionals. As part of Old Mutual Group it has a strong financial parent to support the activation of its business strategy. To find out more information please go to:  www.omglobalinvestors.com

Old Mutual Wealth:

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, provides wealth management solutions such as investments, pensions and life assurance to help financial advisers manage their clients’ wealth. The business currently oversees £80.2 billion* in customer investments and has operations in the UK, Continental Europe and various international markets. Its strategy is to combine asset management with product and platform expertise, in order to grow further as a modern, integrated wealth management business that enables positive futures for its customers.

Old Mutual Wealth is a core part of Old Mutual plc, a leading international long-term savings, investment and protection Group. Based in London, it is trusted by more than 16 million customers across the world. For over 169 years, it has been serving the growing insurance and investment needs of local customers, companies and their advisers. Old Mutual’s vision is to become its customers’ most trusted partner, being passionate about helping them achieve their lifetime financial goals.

*as at 31 March 2014

Please remember that past performance is not a guide to future performance.  Investment involves risks.  The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. 

Old Mutual Global Investors is the trading name of Old Mutual Global Investors (UK) Limited, Old Mutual Fund Managers Limited and Old Mutual Investment Management Limited.  Old Mutual Global Investors (UK) Limited is registered in England & Wales under number 02949554, Old Mutual Fund Managers Limited is registered in England & Wales under number 01825772 and Old Mutual Investment Management Limited is registered in England & Wales under number 4227837. Authorised and regulated by the Financial Conduct Authority with FCA register numbers 171847, 1193240, 208543 respectively, VAT number 386 1301 59. OMGI 05/14/0052.