Inflows remain strong despite market crash
Tatton Asset Management continued to attract new client assets through the recent market turmoil: a notable achievement at a time when many investors flocked to cash and fled equity and even some bond funds at the fastest pace in decades.Tatton attracted net inflows of £1.13bn for the FY ending 31 Mar 2020, £688m (61%) of this coming in H2 and £86m in March ’20 alone. But it wasn’t immune to the impact of COVID-19. AUM peaked in February at £7.8bn, well ahead of forecasts, but then dropped £1.2bn – mostly because of the market crash - to end the year on £6.7bn. March inflows were only slightly down on the FY monthly average of £94m.
However, bucking broader trends, Tatton expects FY20 results (expected mid-June) to be in line with analysts’ estimates. With such resilience, TAM shares at 248p, 16% down on their Feb peak, will seem attractive to many.
Tatton Asset Management is engaged in providing a range of services to the Financial Conduct Authority ("FCA") directly authorized financial adviser ("DA IFA") marketplace encompassing discretionary fund management, regulatory and compliance services and mortgage services. Co.'s discretionary portfolio management ("DFM") service operates on ten United Kingdom adviser WRAP platforms and can be integrated into the growing number of adviser WRAP platforms in the market. Co. provides support services to independent financial advisors ("IFA"s), enabling DA IFA firms to provide compliant and effective investment portfolio management for their platform based clients.
Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.
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