Assets under management include investments for own account, unit-linked investments on behalf of insurance policy holders and funds under management. Funds under management include investments that are managed on behalf of clients, either private or institutional, and on which Fortis earns a management or advice fee. Discretionary capital (capital actively managed by Fortis) as well as advisory capital are included in funds under management.
Eliminations in the various tables relates to the funds under management of clients invested in funds managed by Fortis that otherwise would be counted double.
The following table provides a breakdown of Assets under management by investment type and origin.
 Download XLS |
|
|
|
General (incl. |
|
|
Banking |
Insurance |
eliminations) |
Total |
31 December 2007 |
|
|
|
|
Investments for own account: |
|
|
|
|
- Debt securities |
104,991 |
53,661 |
(330) |
158,322 |
- Equity securities |
7,822 |
8,942 |
(1,259) |
15,505 |
- Real estate |
688 |
2,984 |
(16) |
3,656 |
- Other |
27,891 |
1,143 |
(237) |
28,797 |
Total investments for own account |
141,392 |
66,730 |
(1,842) |
206,280 |
|
|
|
|
|
Investments related to unit-linked contracts |
|
31,395 |
(275) |
31,120 |
|
|
|
|
|
Funds under Management: |
|
|
|
|
- Debt securities |
119,721 |
3,061 |
|
122,782 |
- Equity securities |
102,989 |
3,767 |
|
106,756 |
- Real estate |
587 |
2,989 |
|
3,576 |
- Eliminations |
(25,283) |
|
|
(25,283) |
Total funds under management |
198,014 |
9,817 |
|
207,831 |
|
|
|
|
|
Total assets under management |
339,406 |
107,942 |
(2,117) |
445,231 |
|
|
|
|
|
31 December 2006 |
|
|
|
|
Investments for own account: |
|
|
|
|
- Debt securities |
131,427 |
50,554 |
(669) |
181,312 |
- Equity securities |
4,150 |
10,239 |
996 |
15,385 |
- Real estate |
600 |
2,447 |
|
3,047 |
- Other |
1,600 |
1,109 |
(19) |
2,690 |
Total investments for own account |
137,777 |
64,349 |
308 |
202,434 |
|
|
|
|
|
Investments related to unit-linked contracts |
|
28,865 |
(116) |
28,749 |
|
|
|
|
|
Funds under Management: |
|
|
|
|
- Debt securities |
114,386 |
2,147 |
|
116,533 |
- Equity securities |
92,705 |
4,064 |
|
96,769 |
- Real estate |
773 |
2,801 |
|
3,574 |
- Eliminations |
(26,242) |
|
|
(26,242) |
Total funds under management |
181,622 |
9,012 |
|
190,634 |
|
|
|
|
|
Total assets under management |
319,399 |
102,226 |
192 |
421,817 |
|
|
|
|
|
31 December 2005 |
|
|
|
|
Investments for own account: |
|
|
|
|
- Debt securities |
129,718 |
46,089 |
(829) |
174,978 |
- Equity securities |
3,393 |
8,448 |
817 |
12,658 |
- Real estate |
402 |
2,144 |
|
2,546 |
- Other |
1,801 |
1,110 |
(24) |
2,887 |
Total investments for own account |
135,314 |
57,791 |
(36) |
193,069 |
|
|
|
|
|
Investments related to unit-linked contracts |
|
25,907 |
(240) |
25,667 |
|
|
|
|
|
Funds under Management: |
|
|
|
|
- Debt securities |
101,727 |
2,970 |
|
104,697 |
- Equity securities |
79,812 |
2,603 |
|
82,415 |
- Real estate |
1,045 |
1,998 |
|
3,043 |
- Eliminations |
(25,661) |
|
|
(25,661) |
Total funds under management |
156,923 |
7,571 |
|
164,494 |
|
|
|
|
|
Total assets under management |
292,237 |
91,269 |
(276) |
383,230 |
Changes in funds under management by segment are shown below.
| Download XLS |
|
|
Retail |
Merchant & |
Merchant & |
|
|
|
|
Retail |
Banking |
Private |
Private |
|
|
|
|
Banking |
Asset |
Banking |
Banking |
|
|
|
|
Network |
Management |
Clients |
Skills |
Other |
Eliminations |
Total |
|
|
|
|
|
|
|
|
Balance at 31 December 2006 |
7,489 |
120,617 |
78,353 |
893 |
9,524 |
(26,242) |
190,634 |
In/out flow |
(50) |
9,614 |
2,807 |
(67) |
434 |
1,178 |
13,916 |
Market gains /losses |
(36) |
2,685 |
2,655 |
32 |
240 |
(237) |
5,339 |
Other |
|
|
(1,351) |
(725) |
|
18 |
(2,058) |
Balance at 31 December 2007 |
7,403 |
132,916 |
82,464 |
133 |
10,198 |
(25,283) |
207,831 |
The column Other includes funds under management within the insurance segments as well as funds managed by operating companies reported in the Other Banking segment. The line Other includes the transfers between segments, the impact of acquisitions and divestments and the currency translation differences.
