Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2020

Noncontrolling Interests

Summary of redeemable noncontrolling interests

Redeemable noncontrolling interests as of June 30, 2020, and December 31, 2019, consisted of the following (in millions):

	June 30,		December 31,
	2020		2019
Consolidated seeded investment products	$	453.7	$	662.8
Intech:
Appreciation rights		12.2		11.8
Founding member ownership interests		2.8		3.3
Total redeemable noncontrolling interests	$	468.7	$	677.9

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 during the three and six months ended June 30, 2020 and 2019 (in millions):

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Opening balance	$	448.7	$	122.0	$	662.8	$	121.6
Changes in market value		29.0		2.7		(7.9)		7.2
Changes in ownership		(25.3)		14.2		(196.9)		10.0
Foreign currency translation		1.3		(0.1)		(4.3)		—
Closing balance	$	453.7	$	138.8	$	453.7	$	138.8

Summary of nonredeemable noncontrolling interests

Nonredeemable noncontrolling interests as of June 30, 2020, and December 31, 2019, were as follows (in millions):

	June 30,		December 31,
	2020		2019
Nonredeemable noncontrolling interests in:
Seed capital investments	$	5.1	$	6.7
Intech		13.0		13.0
Total nonredeemable noncontrolling interests	$	18.1	$	19.7