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26/06/2019

Press Release - 26/06/2019

H2O Asset Management is pleased to confirm that there have been substantial inflows since Monday 24 June 2019 and current AuM, as of 26th June, stands at €27 bn. Redemptions have markedly subsided to a level roughly five times less than at their peak (on 21 June), down to €450m today.

As previously announced, H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in compliance with UCITS regulation, thereby cutting their aggregate market value below 2% of H2O's AuM. 98% of H2O's AuM is invested in highly-liquid assets.

H2O has decided to remove all entry fees across all funds until further notice.

Bruno Crastes, CEO of H2O Asset Management, said, "We are pleased to report that fund flows are returning to normal. We would like to thank our investors for their continued commitment to H2O and to reiterate that 98% of assets held by our funds are perfectly liquid."