Record PLC (LON:RECL), the specialist currency and asset manager, saw net inflows rise to US$6.6bn in the second quarter, up from US$2.0bn in the previous three-month period.
Total assets under management equivalents (AUME) rose to US$80.8bn (£72.3bn) in the three months to 30 September 2022 from US$77.9bn (£64.2bn) in the first quarter to end-June, the company said in a trading update.
It earned performance fees of £0.5mln in the second quarter, while other average fee rates remained broadly unchanged.
CEO Leslie Hill commented: "Our growth strategy continues to deliver as evidenced by a third consecutive quarter of AUME net inflows and further performance fees of £0.5mln.
"Sustained uncertainty in financial markets continues to have only a limited impact on the value of some clients' underlying portfolios in our traditional business for currency products and services.
"Conversely, heightened volatility and inflationary pressure underscores the relevance of our products and offers new opportunities for growth and diversification. Our focus is on ensuring we make the most of such opportunities and I look forward to giving more detail on the progress in our diversification plans at our forthcoming half-year results in November."