Press release

Lloyd Fonds AG achieves AuM increase to EUR 1.4 billion in 2020


Hamburg, 12 November 2020.

Expected AuM increase to EUR 1.4 billion for 2020 already reached in November

In the challenging environment created by the Covid-19 pandemic, growth in both clients and assets continued successfully overall. As against 31 December 2019, the assets under management (AuM) of Lloyd Fonds AG (ISIN: DE000A12UP29) rose by EUR 350 million, from EUR 1.05 billion to EUR 1.4 billion. This equates to growth of just under 35 per cent and means that the AuM expectation of EUR 1.4 billion for the year-end 2020 (as published on 29 June of this year) was achieved ahead of schedule in November 2020. This growth can be attributed primarily to the acquisition of larger mandates and the scalability of all business segments.

In the LLOYD FONDS (www.lloydfonds.de) business unit, AuM in active fund management rose to the current total of just over EUR 1.0 billion. While above-average performance on the back of the global stock market recovery played an important role, the growth in AuMs was also driven by significant sales success.

Among the new business wins, Lloyd Fonds AG secured an institutional mandate from Scandinavia requiring a highly professionalised investment process. The investment universe consists of European small/mid-caps with a focus on Germany. The responsible fund manager is Dr Maximilian Thaler, who has very successfully managed the "Lloyd Fonds - European Hidden Champions" investment strategy since April 2019, which focuses on European small and mid-caps and is currently leading its peer group. This is testament to the quality of the investment strategies geared towards generating alpha and the professional operating platform.

Developments in the LLOYD VERMÖGEN (www.lange-assets.de) business unit were also very encouraging. After the integration of the Hamburg-based team into Lloyd Fonds AG in the first half of 2020, the segment focused on reaccelerating client acquisition efforts. As a result, AuM in private wealth management increased to just under EUR 400 million, also thanks to the acquisition of a new major mandate in November 2020.

In the LAIC (www.laic.de) business unit, the FinTech within Lloyd Fonds AG, AuM climbed to in excess of EUR 30 million. The product range has been expanded further over the past few months, with the segment entering into its first set of successful sales partnerships.

Since August 2020, LAIC-FondsRente, the first digital pension insurance product in the German market, has been available via two insurance partners, Helvetia and Condor-Versicherung. This unit-linked pension product adds to the LAIC offering, which also consists of five digitally managed multi-asset funds and customised portfolios for high-net-worth individuals (LAIC - My Portfolio Selection).

September 2020 also saw the agreement of the first sales partnership for the LAIC product platform with a Volksbank (German cooperative bank). This cooperation and the ongoing discussions with other cooperative banks illustrate the high demand for solutions-based product platforms, particularly among institutional investors.

Commenting on achieving the AuM increase earlier than expected, Dipl.-Ing. Achim Plate, Chief Executive Officer (CEO) of Lloyd Fonds AG, said: "Having accomplished our brand positioning this year with our strategy 2023/25, the fact that we were able to reach our expected AuM target for 2020 ahead of schedule is an important milestone in the repositioning of our business model. It is a confirmation for us that we are on the right track, particularly against the extremely challenging backdrop of the Covid-19 pandemic. We feel encouraged to pursue our strategic course with even greater determination."

Potential for further increase in AuM in 2020

The product range in the LAIC segment was further enlarged on 2 November 2020 with the launch of the institutional mutual fund LAIC - Digital Institutional Europe (German securities identification number, WKN: A2QCXA). The fund was developed and launched hand-in-hand with an institutional client in order to meet the requirements of banks and savings banks in their own-account business. The first subscription has been made by a cooperative bank in the amount of EUR 5 million.

In light of the new product launches referred to above and the sales cooperation agreements in the LAIC segment, as well as the systematic further development of the LLOYD FONDS and LLOYD VERMÖGEN segments, the AuM of Lloyd Fonds AG are expected to continue to increase.

Further AuM growth, however, is to a large extent dependent on the stability of global financial markets and the assumption that stock markets will not experience a major correction.

About Lloyd Fonds AG:

Lloyd Fonds AG is an innovative listed financial institution that generates returns for its partners and clients through active, sustainable and digital investment solutions.

The bank-independent company has been listed on the stock market since 2005. Lloyd Fonds AG has been listed in the Scale segment (ISIN: DE000A12UP29) of Deutsche Börse in Frankfurt since March 2017.

In its LLOYD FONDS business unit, the company positions itself as a specialist provider of benchmark agnostic equity, bond and multi-asset funds with a clear focus on active alpha strategies. All of the funds, which are managed by experienced fund managers with proven track records, apply an integrated sustainability approach to the investment process.

The LLOYD VERMÖGEN business unit offers private wealth management focusing on the proactive, holistic 360 implementation of the individual objectives of high-net-worth clients.

In the LAIC business unit, the FinTech LAIC offers digital and risk-optimised investment solutions, using a proprietary system based on artificial intelligence (LAIC-ADVISOR(R)) for private investors and institutional clients alike.

The aim of the strategy 2023/25 is to position Lloyd Fonds AG as an innovative quality leader in the asset and wealth management market in Germany.