REAL-TIME GLOBAL RESEARCH
Man Group: 3% Q3 26 AuM beat with better inflows
Key takeaways
- 3% Q3 26 AuM beat with better inflows Our Take: Man Group reported $270.9bn AuM in Q3 26, a 3% beat vs.
- consensus and 7% higher Q/Q.
- The beat was mainly driven by $10.1bn reported net flows (16% of AuM annualised), much stronger than the $3.8bn consensus expected, while performance was also positive (2% of AuM) in the quarter.
Figures are read from the report's first page; the summary is built from the report's own key-takeaway sentences. No model-generated text.
Research evidence excerpt
3% Q3 26 AuM beat with better inflows Our Take: Man Group reported $270.9bn AuM in Q3 26, a 3% beat vs. consensus and 7% higher Q/Q. The beat was mainly driven by $10.1bn reported net flows (16% of AuM annualised), much stronger than the $3.8bn consensus expected, while performance was also positive (2% of AuM) in the quarter. In terms of the net flow detail, the bulk of the Q3 print was driven by lower margin long-only equity strategies ($5.8bn), but higher margin liquid alternative strategies also contributed $1.9bn net inflows, with another $2.4bn net flows in long-only credit.
The AHL strategies that are within liquid alternatives performed strongly in Q3.
Noteworthy Areas: 1) Closing AuM of $270.9bn as of September 2026 came in 3% above company-compiled consensus and up 6.8% Q/Q. 2) Net flows of $10.1bn were equivalent to 15.9% of opening AuM on an annualised basis and came in significantly higher than consensus expectations of $3.8bn. Flows were driven by $8.2bn of net inflows into long-only strategies, o/w $5.8bn of inflows came into equity long-only strategies. Alternative strategies recorded net inflows of $1.9bn, entirely driven by liquid alternatives. 3) Investment performance came in at $5.9bn, equivalent to 2.3% of opening AuM, with FX and other at $1.3bn.
Outlook & Guidance: No update on guidance provided with this update.
Conference Call Details: None.
Valuation: Man Group is trading at 9.2x FY27E P/E, below the average of 15.7x for the European peer group.
Specialist Sales contact details:
Gigi Sparling - Specialist Sales European Financials (44-20) 7134-0355 Actual vs Expected:
The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.
Open report viewer