Key points
Funds under management (FUM) up 8% to $78.8 billion (31 December 2014: $72.9 billion)
o Gross sales of $10.5 billion (H1 2014: $12.4 billion)
o Redemptions of $13.1 billion (H1 2014: $9.6 billion)
o Net outflows of $2.6 billion (H1 2014: net inflows $2.8 billion)
o Investment movement of $3.8 billion (H1 2014: $0.7 billion)
o FX translation effects and other movements of -$1.4 billion (H1 2014: $0.1 billion)
o Acquisitions of Silvermine, NewSmith and Bank of America Merrill Lynch (BAML) fund of funds business completed during the period, adding $6.1 billion to FUM
Adjusted profit before tax (PBT) up 89% to $280 million (H1 2014: $148 million)
o Adjusted net management fee PBT of $108 million (H1 2014: $83 million)
o Adjusted net performance fee PBT of $172 million (H1 2014: $65 million)
Adjusted diluted EPS of 13.9 cents (H1 2014: 7.1 cents); adjusted diluted management fee EPS of 5.4 cents (H1 2014: 4.0 cents)
Statutory PBT up 54% to $163 million (H1 2014: $106 million) reflecting acquired intangibles amortisation ($45 million), impairment of FRM goodwill ($41 million) and other adjusting items ($31 million); diluted statutory EPS1 of 7.5 cents (H1 2014: 5.0 cents)
Completed $175 million share repurchase (59.0 million shares)
Surplus regulatory capital of approximately $425 million, after adjusting for the interim dividend and H1 2015 profits
Interim dividend of 5.4 cents per share (H1 2014: 4.0 cents per share)
