Earnings release
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Press Release 20 October 2021 Il allfunds Allfunds publishes its 3Q 2021 Trading update London / Madrid / Amsterdam - Allfunds Group plc ( " Allfunds " ) ( ¹ ) ( TICKER : ALLFG ) one of the world's leading B2B WealthTech platforms connecting fund houses and distributors , today releases a trading update for the third - quarter period ended 30 September 2021 . Key highlights of the quarter . • • Allfunds ' assets under administration ( “ AuA ” ) were up 5 % or almost € 64bn since 30 June 2021 , from € 1,348 billion to € 1,412 billion . This was a result of continued strong growth across both the Allfunds traditional and the BNPP Other portfolios The Allfunds traditional ( 2 ) AuA increased by 4 % ( 15.2 % annualised growth ) since June 2021 as a result of strong organic net flows and positive market performance - Net flows ( excluding market performance ) in the quarter of € 32.7bn or 3.7 % over beginning of period ( BOP ) AuA ( 3 ) Flows from existing clients grew by € 20bn , representing annualised growth of 9.0 % Flows from new clients added € 13bn , representing annualised growth of 5.8 % Market performance only grew by € 0.7bn in the quarter , impacted by the performance mainly in equity capital markets in the last part of the quarter On a year - to - date basis , net flows coming from the Allfunds traditional AuA amounted to € 118bn or 15.8 % over BoP AuA ( vs 4.5 % in the same period in 2020 ) BNPP Other portfolio flows ( 4 ) ( including market performance ) stood at c . € 31bn in the quarter , representing a 6.6 % over BoP AUA ( 26.2 % annualised ) Allfunds continues attracting clients to the platform : • New Distributors onboarded : 64 new Distributors year - to - date vs 51 over the same period in 2020 . Onboarding coming mainly from UK , Middle - East and Latin America in the quarter , showing our capacity of continuously growing continuously in existing markets 140 new Fund Houses on the platform year - to - date vs 100 over the same period in 2020. Significant growth in the French ( 38 ) and Nordic ( 12 ) regions reinforcing our competitive position in those markets and enabling future distributors ' incorporation Juan Alcaraz , Chief Executive Officer , commented : " While the reduced market performance in Q3 has led to some slowdown of our activity in this quarter , Allfunds has had a strong performance in terms of growth , and we have continued with a positive trend in our organic growth levers : strong flows from existing clients and good pace on new client migrations across all our markets . As of September , we have seen net flows on Allfunds traditional AuA representing a 21 % , on an annualised basis , over BoP AuA ( 5 ) , continuing with a record performance not seen in the last 4 years . We continue progressing with our key strategic initiatives and building up our scalability , reaching over € 1.4 trillion AuA and a stronger market position . " 1