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MONTREAL, July 29, 2021 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a leading independent asset management firm, today reported its preliminary estimate of assets under management ("AUM") of approximately C$179.5 billion as at June 30, 2021, compared to C$172.9 billion as at March 31, 2021.
Compared to March 31, 2021, the C$6.6 billion increase stemmed mainly from market appreciation, which had a favourable C$8.0 billion impact on AUM, as well as the inclusion of AUM from the recently acquired Fiera Atlas Global Companies ("Fiera Atlas") global equity team of C$0.9 billion. These increases were partly offset by net outflows of C$1.6 billion, mainly from the Financial Intermediaries distribution channel. Foreign exchange movements also had an unfavourable impact of C$0.7 billion.
AUM as at June 30, 2021 included C$1.5 billion of committed and undeployed capital in Fiera Private Alternative Investments, the Company's platform for private market investment solutions, bringing total Private Markets AUM to C$14.0 billion. Private Markets AUM as at March 31, 2021 and June 30, 2020 was C$13.6 billion and $12.9 billion, respectively, and included committed, undeployed capital of C$1.7 billion and C$1.3 billion, respectively.
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AUM as at
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Quarter-over-Quarter
Change
|
Year-over-Year
Change
|
|
(in C$ billions)
|
June 30,
2021
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March 31,
2021
|
June 30,
2020
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(in $B)
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%
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(in $B)
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%
|
|
Institutional
|
92.3
|
89.2
|
81.0
|
3.1
|
3.5%
|
11.3
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14.0%
|
|
Financial Intermediaries
|
72.7
|
69.9
|
65.1
|
2.8
|
4.0%
|
7.6 1
|
11.7%
|
|
Private Wealth
|
14.4
|
13.8
|
26.1
|
0.6
|
4.3%
|
(11.7) 2
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(44.8%)
|
|
Total AUM
|
179.5
|
172.9
|
172.3
|
6.6
|
3.8%
|
7.2 1,2
|
4.2%
|
|
Totals may not reconcile due to rounding.
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|
|
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1)
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Reflects C$2.0 billion of withdrawals during the first quarter of 2021 in connection with the termination of the revenue-sharing arrangement with City National Rochdale with regards to the Fiera Capital Emerging Markets Fund, as well as the $0.9 billion inflow from the inclusion of AUM related to the Fiera Atlas team during the second quarter of 2021.
|
|
2)
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Reflects the C$13.9 billion reduction in AUM related to the dispositions of Bel Air and Wilkinson Global Asset Management.
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Q2 2021 Results
The Company will issue its financial results for the second quarter of 2021 on Thursday, August 12, 2021, before markets open. A conference call will follow at 10:00 a.m. (ET) the same day.
Conference Call Information:
- The conference call will be held on Thursday, August 12, 2021, at 10:00 a.m. (ET).
- Financial analysts will be invited to ask questions.
- Media representatives and other interested individuals are invited to participate on a "listen-only" basis.
Conference Call Access:
- From Canada and the United States: 1-888-390-0620 (toll free), access code 55050643.
- Outside North America: 1-416-764-8651, access code 55050643.
- The conference will also be accessible live via webcast.
Financial Information:
The quarterly press release, supplementary financial information and a presentation will be posted on ir.fieracapital.com prior to the beginning of the conference call.
Conference Call Replay:
An audio replay will be available until August 19, 2021, by dialling 1–888–390–0541 (North American toll free), access code 050643 followed by the number sign (#).
The webcast will remain available for three months following the call.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with a growing global presence and approximately C$179.5 billion in assets under management as of June 30, 2021. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com
Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), and Hong Kong (SAR).
In the U.S., asset management services are provided by the Company's affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation, including the Company's annual information form, is available on SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation
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