Record plc Fourth Quarter Trading Update (q4 Fy26)
In brief · summary, not quotable
Q4 FY26: AUM US$114.6bn with third successive quarter of net inflows, offset by market and FX headwinds.
- AUM at 31 March 2026 US$114.6bn (prior US$115.9bn)
- Net flows in Q4 US$1.4bn
- Performance fees Q4 FY26 £0.4m (prior £0.3m)
- Performance fees full year £2.8m (prior £3.2m)
Full announcement
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FOURTH QUARTER TRADING UPDATE
Record plc, the specialist currency and asset manager, is pleased to announce its trading update for the three months ended 31 March 2026 ("Q4 FY26").
Highlights
- A third successive quarter of net inflows, with AUM of US$114.6bn at year end reflecting positive client flows offset by asset market movements and FX headwinds.
- Performance fees of £0.4m crystallised in Q4 FY26 (Q4 FY25: £0.3m), bringing performance fees for the full year to £2.8m (FY25: £3.2m).
- Average fee rates in the quarter remained broadly unchanged from the previous quarter.
- Earnings expectations for the full year remain unchanged, despite changing market conditions in the face of global macroeconomic and political volatility.
AUM composition
AUM at 31 March 2026 totalled US$114.6bn (31 December 2025: US$115.9bn).
The composition of and changes to AUM by product were as follows:
| Net flows | Asset movement | FX movement and scaling | |||
|---|---|---|---|---|---|
| US$ billion (bn) | 31 December 2025 | 31 March 2026 | |||
| Passive Hedging | 76.0 | 1.1 | (0.2) | (1.1) | 75.8 |
| Dynamic Hedging | 17.6 | 0.1 | (0.7) | - | 17.0 |
| Solutions for Asset Managers | 17.4 | 0.3 | (0.5) | (0.2) | 17.0 |
| Risk Management | 111.0 | 1.5 | (1.4) | (1.3) | 109.8 |
| FX Alpha | 2.7 | (0.1) | - | - | 2.6 |
| Custom Opportunities | 0.8 | - | - | - | 0.8 |
| Other | 0.3 | - | - | - | 0.3 |
| Absolute Return | 3.8 | (0.1) | 0.0 | 0.0 | 3.7 |
| EM Local Debt | 1.0 | - | - | - | 1.0 |
| Infrastructure | 0.1 | - | - | - | 0.1 |
| Private Markets | 1.1 | 0.0 | 0.0 | 0.0 | 1.1 |
| Total | 115.9 | 1.4 | (1.4) | (1.3) | 114.6 |
Record plc will announce its results for the 12 months ended 31 March 2026 on 19 June 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.