Foresight Group: AUM and FUM Stable in Q3 FY25, Record Year-to-Date Fundraising in Retail Strategies
Wednesday, Jan 29, 2025 2:09 am ET
1min read Foresight Group Holdings Limited (Foresight) has released its trading update for the three months ended 31 December 2024, highlighting the stability of its Assets Under Management (AUM) and Funds Under Management (FUM) during the quarter. The Group's AUM and FUM remained relatively stable compared to the previous quarter and the same period last year, driven by consistent fundraising efforts in both retail and institutional strategies.
In Q3 FY25, Foresight's AUM and FUM growth was relatively stable compared to the previous quarter and the same period last year. The Group's AUM stood at £12.2 billion, while FUM was £8.5 billion, representing a -2% and -1% change from Q2 FY25, respectively, and no change from Q3 FY24. This stability can be attributed to several factors, including the Group's strong performance in fundraising, particularly in tax-efficient retail strategies.
The Group's well-established retail sales team has been on track for a record year of fundraising in tax-efficient retail strategies, raising over £400 million year-to-date. This consistent fundraising activity has contributed to the stable AUM and FUM. Additionally, the Group's Private Equity division launched its 14th active regional fund in the South West of England, and progress was made towards achieving further closes in Q4 across the Infrastructure and Private Equity divisions. These institutional fundraising efforts helped maintain the Group's AUM and FUM.
The record year-to-date fundraising in tax-efficient retail strategies has a positive impact on the Group's core profitability metric. Foresight is on track to double its core profitability metric over the five years to FY29, as stated by Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited. This is due to the increased revenue and assets under management (AUM) generated from the successful fundraising efforts.
In Q3 FY25, the Group's institutional fundraising included the launch of its 14th active regional fund in the South West of England by the Private Equity division. This launch indicates progress in the Group's expansion and diversification of its investment strategies. Additionally, the Group made good progress towards achieving further closes in Q4 across its Infrastructure and Private Equity divisions. This progress suggests that the Group is on track to meet its guidance of doubling its core profitability metric over the five years to FY29.
In conclusion, Foresight Group Holdings Limited has maintained stable AUM and FUM growth in Q3 FY25, driven by consistent fundraising efforts in both retail and institutional strategies. The Group's record year-to-date fundraising in tax-efficient retail strategies has positively impacted its core profitability metric, and the Group is on track to meet its guidance of doubling this metric over the next five years.
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