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Henderson AUM up 5% after return of retail inflows

Henderson Global Investors Interior 480

A return of retail inflows has helped Henderson Group grow its assets under management by 4.9 per cent in the opening three months of 2013.

The group’s latest interim management statement shows total AUM stood at £68.9bn on 31 March 2013, up from the £65.7bn reported at the start of the year.

The amount of money run in the asset manager’s retail book is up 10 per cent, moving from £30.3bn to £33.3bn. This was driven by net inflows of £188m, which is the first time the firm has witnessed net retail inflows since the start of 2011, and positive market movements of £2.8bn.

According to the statement, retail flows were strong among the firm’s European Sicav range, including the European Corporate Bond, Global Technology and Global Property Equities funds, and the US mutual fund range – in particular into the Global Equity Income fund.

Henderson also describes the first quarter’s results as “encouraging”, since they include £400m in outflows from the previously announced loss of two investment trust mandate but not the win of the £143m Henderson Value trust mandate.

Henderson Group chief executive Andrew Formica says: “I am pleased with the performance of our retail funds especially our Sicav funds which recorded strong positive net flows as investor sentiment improved over the quarter in both Europe and Asia.”

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