Tatton growth rate head-and-shoulders above peers (again)

Hugely impressive net inflows when outflows were more common among peers

This week I published my Equity Development research note - Growth rate head-and-shoulders above peers (again) - covering Tatton Asset Management’s trading update for its H1-24 (6 months to 30 Sep 23).

The chart on page 1 of my note really says it all.

AUM grew 8% over the half-year to £13.7bn. Net inflows totalled £910m (7% of opening AUM), showing remarkable strength and consistency (H1-23: £907m, H2-23:£887m). This is even more impressive given the difficult economic and market environment which has hurt the growth of most sector peers, with some experiencing substantial outflows.

And Tatton’s growth leadership was not a one-off. It also had the highest net flow rate in the preceding 12 month period.

Have a read of the full research note here.

And if you are looking into Tatton, I would also highly recommend listening to this week’s Investors Chronicle podcast The Companies and Markets Show: The 2023 AIM special (Spotify link). Tatton is discussed between 2.00 and 11.00 minutes - performance, business model, competition, and valuation.

---

Make sure you keep up to date with all of my updates on the asset and wealth management sectors by subscribing:

Please read the Investing in the Investors disclaimer here.

Disclosure: At the time of writing, Paul Bryant covered Tatton Asset Management as an analyst on behalf of Equity Development Limited. Read Equity Development’s research on Tatton Asset Management here. (Please read this link for the terms and conditions of reading Equity Development’s research).