# Record plc delivers resilient Q4 performance with continued net inflows

- Link: https://www.directorstalkinterviews.com/record-plc-delivers-resilient-q4-performance-with-continued-net-inflows/4121249857
- Published: 2026-04-24T07:11:32+01:00
- Author: Amilia Stone

**Record plc **(LON:REC), the specialist currency and asset manager, has announced
its trading update for the three months ended 31 March 2026.

**Highlights**

·     A third successive quarter of net inflows, with AUM of US$114.6bn at year 
end reflecting positive client flows offset by asset market movements and FX headwinds.

·     Performance fees of £0.4m crystallised in Q4 FY26 (Q4 FY25: £0.3m), bringing
performance fees for the full year to £2.8m (FY25: £3.2m).

·     Average fee rates in the quarter remained broadly unchanged from the previous
quarter.

·     Earnings expectations for the full year remain unchanged, despite changing
market conditions in the face of global macroeconomic and political volatility. 

**AUM composition**

AUM at 31 March 2026 totalled US$114.6bn (31 December 2025: US$115.9bn).

The composition of and changes to AUM by product were as follows:

|  | ** ** | Net flows | Asset movement | FX movement and scaling | ** ** | 
|  **US$ billion (bn)** | **31 December 2025** | **31****March 2026** | 
|  | ** ** | ** ** | 
| Passive Hedging | 76.0 | 1.1 | (0.2) | (1.1) | 75.8 | 
| Dynamic Hedging | 17.6 | 0.1 | (0.7) | – | 17.0 | 
| Solutions for Asset Managers | 17.4 | 0.3 | (0.5) | (0.2) | 17.0 | 
| **Risk Management** | **111.0** | **1.5** | **(1.4)** | **(1.3)** | **109.8** | 
| FX Alpha | 2.7 | (0.1) | – | – | 2.6 | 
| Custom Opportunities | 0.8 | – | – | – | 0.8 | 
| Other | 0.3 | – | – | – | 0.3 | 
| **Absolute Return** | **3.8** | **(0.1)** | **0.0** | **0.0** | **3.7** | 
| EM Local Debt | 1.0 | – | – | – | 1.0 | 
| Infrastructure | 0.1 | – | – | – | 0.1 | 
| **Private Markets** | **1.1** | **0.0** | **0.0** | **0.0** | **1.1** | 
| **Total** | **115.9** | **1.4** | **(1.4)** | **(1.3)** | **114.6** |

Record plc will announce its results for the 12 months ended 31 March 2026 on 19
June 2026.

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