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Ignis assets grow to £81.5bn

Ignis Asset Management has reported that assets under management, oversight and administration grew to £81.5 billion during 2011.

Net new sales of £1.7 billion were reported, while the firm claimed level year-on-year profits of £46m.

Ignis chief executive Chris Samuel says: “Ignis has made considerable progress since we outlined a new strategy for the business in late 2009.

“We are pleased to report strong and improving investment performance across our product range, especially in fixed income, real estate, and liquidity.

“This good performance, combined with the launch of new investment products, helped net inflows increase to £1.7 billion.”

He adds: “We remain committed to building a significant institutional business alongside our UK wholesale and international channels.”

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