MONTREAL, April 19, 2022 /CNW Telbec/ - Fiera Capital
Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a
leading independent asset management firm, today reported its
preliminary estimate of assets under management ("AUM") of
approximately C$174.5 billion as at
March 31, 2022, compared to C$188.3 billion as at December 31, 2021.
"Following a strong close to 2021, the geopolitical backdrop
and volatility of global financial markets this year have naturally
affected our assets under management, said Jean-Philippe Lemay, President and Chief
Executive Officer. The reduction of C$13.8
billion, or 7.3%, was entirely borne by our Public Markets
platform, which was exposed to the combination of negative equity
markets performance and rising interest rates that impacted equity
and fixed income investment strategies. We are pleased that our
strategic priority of elevating our Private Markets offering
continues to gather momentum with AUM growing by 6.7% to
C$16.9 billion in the first quarter
of 2022. The breadth of our investment platform, including stable
returns provided by private markets solutions, affirms the
resiliency of our business model to withstand periods of
macroeconomic uncertainty."
|
|
|
|
By
Investment
Platform
|
AUM as
at
|
Quarter-over-Quarter
Change
|
Year-over-year
Change
|
(in C$
billions)
|
March 31,
2022
|
December
31,
2021
|
March 31,
2021
|
(in $B)
|
%
|
(in $B)
|
%
|
Public
Markets
|
157.6
|
172.4
|
159.3
|
-14.8
|
-8.6%
|
-1.7
|
-1.1%
|
Private
Markets
|
16.9
|
15.9
|
13.6
|
1.1
|
6.7%
|
3.3
|
24.6%
|
Total
|
174.5
|
188.3
|
172.9
|
-13.8
|
-7.3%
|
1.6
|
1.0%
|
Totals may
not reconcile due to rounding.
|
|
|
|
|
By
Investment
Platform
|
AUM as
at
|
Quarter-over-Quarter
Change
|
Year-over-Year
Change
|
(in C$
billions)
|
March 31,
2022
|
December
31,
2021
|
March 31,
2021
|
(in $B)
|
%
|
(in $B)
|
%
|
Institutional
|
88.6
|
95.6
|
89.2
|
-7.0
|
-7.4%
|
-0.6
|
-0.7%
|
Financial
Intermediaries
|
71.9
|
77.9
|
69.9
|
-6.0
|
-7.7%
|
2.0
|
2.8%
|
Private
Wealth
|
14.1
|
14.8
|
13.8
|
-0.7
|
-4.8%
|
0.3
|
2.2%
|
Total
|
174.5
|
188.3
|
172.9
|
-13.8
|
-7.3%
|
1.6
|
1.0%
|
Totals may not
reconcile due to rounding.
|
Q1 2022 Results
The Company will issue its financial
results for the first quarter of 2022 on Wednesday, May 4, 2022, before markets open. A
conference call will follow at 10:00 a.m. (ET) the same
day.
Conference Call Information:
- The conference call will be held on Wednesday, May 4, 2022, at 10:00 a.m. (ET).
- Financial analysts will be invited to ask questions.
- Media representatives and other interested individuals are
invited to participate on a "listen-only" basis.
Conference Call Access:
- From Canada and the United States: 1-888-390-0620 (toll free),
access code 90349704.
- Outside North America:
1-416-764-8651, access code 90349704.
- The conference will also be accessible live via webcast.
Financial Information:
The earnings press release, supplementary financial information and
a presentation will be posted
on ir.fieracapital.com prior to the beginning of the
conference call.
Conference Call Replay:
An audio replay will be available until May
11, 2022, by dialling 1‑888‑390‑0541 (North American
toll free), access code 349704 followed by the number sign
(#).
The webcast will remain available for three months following the
call.
Forward-Looking Statements
This document contains forward-looking statements relating to
future events or future performance and reflecting management's
expectations or beliefs regarding future events including business
and economic conditions and Fiera Capital's growth, results of
operations, performance and business prospects and opportunities.
Forward-looking statements may include comments with respect to
Fiera Capital's objectives, strategies to achieve those objectives,
expected financial results, and the outlook for Fiera Capital's
businesses and for the Canadian, American, European, Asian and
other global economies. Such statements reflect management's
current beliefs and are based on factors and assumptions it
considers to be reasonable based on information currently available
to management and may typically be identified by terminology such
as "believe", "expect", "plan", "anticipate", "estimate", "may
increase", "may fluctuate", "predict", "potential", "continue",
"target", "intend" or the negative of these terms or other
comparable terminology and similar expressions of future or
conditional verbs, such as "will," "should," "would" and
"could."
By their very nature, forward-looking statements involve
numerous assumptions, inherent risks and uncertainties, both
general and specific, and the risk that predictions, forecasts,
projections, expectations or conclusions will not prove to be
accurate. The uncertainty created by the COVID-19 pandemic has
heightened such risk given the increased challenge in making
predictions, forecasts, projections, expectations, or conclusions.
As a result, the Company does not guarantee that any
forward-looking statement will materialize and readers are
cautioned not to place undue reliance on these forward-looking
statements. A number of important factors, many of which are beyond
Fiera Capital's control, could cause actual events or results to
differ materially from the predictions, forecasts, projections,
expectations, or conclusions expressed in such forward-looking
statements which include, but are not limited to, risks related to
investment performance and investment of the AUM, AUM concentration
related to strategies sub-advised by StonePine Asset Management
Inc., reputational risk, regulatory compliance, information
security policies, procedures and capabilities, privacy laws,
litigation risk, insurance coverage, third-party relationships,
growth and integration of acquired businesses, AUM growth, key
employees and other factors described in this Company's Annual
Information Form for the year ended December
31, 2021 under the heading "Risk Factors" or discussed in
other materials filed by the Company with applicable securities
regulatory authorities from time to time which are available on
SEDAR at www.sedar.com.
The preceding list of important factors is not exhaustive. When
relying on forward-looking statements in this document and any
other disclosure made by Fiera Capital, investors and others should
carefully consider the preceding factors, other uncertainties and
potential events. Fiera Capital does not undertake to update or
revise any forward-looking statements, whether written or oral,
that may be made from time to time by or on its behalf in order to
reflect new events or circumstances, except as required by
applicable laws.
About Fiera Capital Corporation
Fiera Capital is a
leading independent asset management firm with a growing global
presence and approximately C$174.5
billion in assets under management as of March 31, 2022. The Company delivers customized
and multi-asset solutions across public and private market asset
classes to institutional, financial intermediary and private wealth
clients across North America,
Europe and key markets in
Asia. Fiera Capital's depth of
expertise, diversified investment platform and commitment to
delivering outstanding service are core to our mission of being at
the forefront of investment management science to create
sustainable wealth for clients. Fiera Capital trades under the
ticker FSZ on the Toronto Stock Exchange.
www.fieracapital.com
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (U.S.), London (UK), and Hong Kong (SAR).
In the U.S., asset management services are provided by the
Company's affiliates who are investment advisers that are
registered with the U.S. Securities and Exchange Commission (SEC)
or exempt from registration. Registration with the SEC does not
imply a certain level of skill or training. For details on the
particular registration of, or exemptions therefrom relied upon by,
any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation,
including the Company's annual information form, is available on
SEDAR at www.sedar.com.
SOURCE Fiera Capital Corporation