Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2021

Noncontrolling Interests

Summary of redeemable noncontrolling interests

Redeemable noncontrolling interests as of June 30, 2021, and December 31, 2020, consisted of the following (in millions):

	June 30,		December 31,
	2021		2020
Consolidated seeded investment products	$	109.2	$	70.6
Intech:
Employee appreciation rights		12.5		12.3
Founding member ownership interests		3.2		2.9
Total redeemable noncontrolling interests	$	124.9	$	85.8

Schedule of movement in redeemable noncontrolling interests in consolidated seeded investment products

The following table presents the movement in redeemable noncontrolling interests in consolidated seeded investment products for the three and six months ended June 30, 2021 and 2020 (in millions):

	Three months ended				Six months ended
	June 30,				June 30,
	2021		2020		2021		2020
Opening balance	$	83.7	$	448.7	$	70.6	$	662.8
Changes in market value		3.9		29.0		(2.4)		(7.9)
Changes in ownership		21.5		(25.3)		40.1		(196.9)
Foreign currency translation		0.1		1.3		0.9		(4.3)
Closing balance	$	109.2	$	453.7	$	109.2	$	453.7

Summary of nonredeemable noncontrolling interests

Nonredeemable noncontrolling interests as of June 30, 2021, and December 31, 2020, were as follows (in millions):

	June 30,		December 31,
	2021		2020
Nonredeemable noncontrolling interests in:
Seed capital investments	$	2.9	$	4.6
Intech		12.7		12.8
Total nonredeemable noncontrolling interests	$	15.6	$	17.4