Assets' boost for Henderson
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Henderson Group has revealed a 5 per cent jump in assets under management in the third quarter of the year.
The group saw its assets rise by £2.8bn to £59.2bn from July 1 to September 30. The group highlighted currency movements and favourable market conditions for a £3.1bn increase in assets, which was partially offset by £100m of net outflows as well as the £200m transfer of the international property fund to Aviva.
Henderson also reported £300m of net inflows into its UK and horizon retail ranges. The £100m net inflow into the UK retail range was spread across its multi-manager range, credit alpha, strategic bond and European special situations funds. The £200m in the horizon range came through global technol-ogy, pan-European equity and global currency funds.
Flows were flat in the group’s hedge fund range while there were £200m net outflows in both its investment trust and structured products ranges.
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