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Henderson sees inflows return to equity funds

Henderson Global Investors has seen net inflows into its equity funds for the first time since the start of 2011, helping to drive the group’s assets under management past the £70bn mark.

Henderson’s interim management statement for the three months ending 30 September shows the asset management house captured £1.2bn of net inflows over the quarter, with “strong flows” into its higher-margin products.

The firm’s equity funds took a net £900m in new money over the three-month period, marking the first time since the opening quarter of 2011 that Henderson has seen positive flows in this area.

UK retail investors channelled money into specialist credit, European equities, property and Henderson’s Optimum and Cirilium retail joint ventures over the quarter. The inflows pushed Henderson’s assets under management up to £70.8bn. 

This represents an increase of £2.9bn, or 4.3 per cent, over the three months. 

As well as net inflows, the firm’s assets were bolstered by favourable market and foreign exchange movements of £1.7bn.

Henderson Group chief executive Andrew Formica says: “The business is performing strongly. I am delighted that our strategy and the changes we have made are bearing fruit. 

“The net inflows into our retail businesses are testament to both improved investor confidence and our consistently strong investment performance across our core product ranges.”

Bestinvest managing director for business development and communications Jason Hollands says: “Within the retail business, the renewed interest in European equities should play to Henderson’s strengths, with strong-performing funds managed by both John Bennett and Richard Pease.”

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