Spanish manager Renta 4’s assets under management surpassed €10bn as at the end of October, a 12.4% increase compared with the same period a year earlier, Funds People has revealed.
According the firm, the growth leads the commissions to go up by 18% until achieve €54.4m. Compared with the previous quarter, commissions have gained €18.3m, up 15% YoY.
Assets under management from Renta 4 own funds amount to €3.97bn, a 11.3% increase compared with the same period last year. In third party funds the manager has €1.423bn in assets under management after having grown 13.6% over the past twelve months.
The firm’s assets managed in pension funds have increased almost 15% over the year, amounting to €3.57bn.
Net profits gained over the first nine months of the year stands at €12.05m, 13.7% up with respect the same period a year earlier.