29th Oct 2015 07:56
LONDON (Alliance News) - Henderson Group PLC on Thursday said it saw robust net inflows in the third quarter but this was offset by market weakness, which meant its assets under management ticked lower.
The FTSE 250-listed fund manager said it secured GBP1.3 billion in net inflows in the quarter to the end of September, helped by strong retail sales. Its investment performance also remained strong, with 82% of its funds outperforming on a three-year basis.
Assets under management at the end of September, however, totalled GBP81.5 billion, slightly down on the GBP82.1 billion it had on its books at the end of June, as market weakness offset new business gains.
"Henderson's active fund management capabilities helped clients mitigate losses in a period of negative market returns. We continued to outperform in terms of investment performance and new business growth, and benefited from being able to offer our clients a broad range of equity, fixed income and alternative investment strategies," said Chief Executive Andrew Formica.
"Looking forward, we expect market conditions to remain challenging and regulatory oversight of asset managers to continue to intensify. That said, we continue to make good progress with our strategy to grow and diversify our business," Formica added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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