BT Investment Management Ltd

BTT Details
·         Delivered a Strong March quarter FUM performance: BT Investment Management Ltd (ASX: BTT) stock surged over 6.1% on April 10, 2017 driven by the positive funds under management performance. The group’s Funds under management enhanced to $46.2 billion as of 31, March 2017 as compared to $44.5 billion in December 2016. Strong Institutional performance drove the performance, which rose to $21.4 billion during the month as compared to $19.9 billion in December 2016. BTIM Australia flows also comprised funding for a $1.1bn institutional cash mandate. Meanwhile, JOHCM witnessed $1.9bn in net inflows during the March quarter driven by institutional demand for the Global Opportunities strategy (+$0.3bn) coupled with the demand in the OEIC’s and US pooled funds for European (+$0.5bn) and global/international strategies (+$0.9bn).

·         Recommendation:Trading at a higher level with 14.19% rise in last six months (as at April 07, 2017), we give an “Expensive” recommendation on the stock at the current price of $ 10.76
 
Funds under Management Performance (Source: Company Reports)

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