Record PLC - currency manager - Says assets under management grew by 13% over the three months to the end of 2020 to USD74.6 billion, exceeding USD70 billion for the first time in Record's history. Management fee rates remained broadly unchanged during the quarter.
"Our business continues to grow and to prove its resilience through challenging market conditions, and we remain focused on maintaining this momentum whilst achieving the efficiencies and scalability offered through our ongoing investment in technology," says Chief Executive Leslie Hill. "We are confident that the benefits flowing from the delivery of such improvements will begin to be seen over the final quarter, and more fully early into the next financial year."
Current stock price: 48.35 pence, up 1.4% on Friday
Year-to-date change: up 0.3%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Record (REC)