Tatton Asset Management has announced a rise in assets under management for the first half of fiscal 2024, along with strong organic net inflows despite market volatility.
According to the company’s statement on Thursday, Tatton’s assets under management as of September 30 amounted to £14.78 billion ($15.58 billion), compared to £12.735 billion as of March 31 and £11.34 billion a year ago.
During the six months ending September 30, the asset manager recorded total inflows of £910 million, slightly higher than the £907 million reported in the same period the previous year.
Furthermore, the company saw organic net inflows averaging £152 million per month, compared to £150 million per month at the end of March. This increase was supported by a positive market performance of £100 million.
Founder and Chief Executive Paul Hogarth stated, “We look forward to making further progress over the rest of the year, while remaining acutely aware of the continuing macroeconomic turbulence and market volatility. The board remains confident in the future prospects of the group.”
As of 08:04 GMT, shares were valued at 460.5 pence.
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