Fiera Capital reports March 31, 2020 preliminary assets under management

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MONTREAL, April 23, 2020 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or "the Firm"), a leading independent asset management firm, today reported its preliminary estimate of assets under management ("AUM") of approximately C$158.1 billion as at March 31, 2020, a decrease of C$11.6 billion, or 6.8%, compared to AUM of C$169.7 billion as at December 31, 2019.

"In the context of a first quarter characterized by extreme market volatility, our assets under management decreased by 6.8% − a testament to the diversity and resiliency of our investment platform and to the benefits of our active portfolio management approach," said Jean-Philippe Lemay, Global President and Chief Operating Officer. "We are very pleased with the investment performance of our teams during this three-month period. Many of them also continued to deliver first quartile performance on a trailing twelve-month basis. In addition, I am pleased to report that as of April 201, over 70% of our investment strategies were outperforming their respective benchmarks."

"Notwithstanding a higher level of redemptions as a result of clients rebalancing in the current macroeconomic environment, we won new mandates across asset classes and geographies totalling over 1.7 billion dollars during the first quarter," added Mr. Lemay.

 

1)

For the period from January 1, 2020 through April 20, 2020

 





(in C$ billions)

AUM as at

Quarter-over-Quarter
Change

Year-over-Year

Change

Markets

March 31,

2020

December 31,
2019

March 31,

2019

(in $B)

(%)

(in $B)

(%)

Institutional

90.2

96.3

76.5

(6.1)

(6.3%)

13.7

17.9%

Private Wealth

34.5

33.9

32.7

0.6

1.8%

1.8

5.5%

Retail

33.4

39.5

35.7

(6.1)

(15.4%)

(2.3)

(6.4%)

Total

158.1

169.7

144.9

(11.6)

(6.8%)

13.2

9.1%

 

Compared to December 31, 2019 AUM of C$169.7 billion, volatility in global markets had an unfavourable impact of C$14.5 billion, which was partly offset by a favourable foreign exchange impact of C$5.6 billion. Gross redemptions of C$4.9 billion were mainly offset by $1.7 billion in mandates won.

About Fiera Capital Corporation

Fiera Capital is a leading independent asset management firm with approximately C$158.1 billion in assets under management as of March 31, 2020. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital's depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com

In the U.S., asset management services are provided by the Firm's U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). 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 Firm's annual information form, is available on SEDAR at www.sedar.com.

SOURCE Fiera Capital Corporation