Henderson has recorded a £1bn net inflow into higher margin assets over the first six months of the year, including a net £100m into its UK retail fund range.
The positive figure for the group was offset by a £2.3bn net outflow in lower margin assets, including £1.6bn run for the Pearl Group.
Henderson chief executive Andrew Formica says the UK range has seen strong net inflows in the first half - including in John Pattullo and Jenna Barnard's Strategic Bond fund, Richard Pease's European Special Situations and the group's multi-manager vehicles.
While the group has undertaken a number of fund mergers and changes to strategies following the integration of New Star, Formica says a number of further changes are due over the next six months.
Formica also says the group is looking to expand its absolute return range, which includes products for the retail market.
At a group level, Henderson posted a £41.6m before tax profit over the six-month period, up from a £2.9m loss over the corresponding period last year. The group has retained its dividend at 1.85p per share.
"Henderson has delivered a strong first half, despite market volatility and fragile investor confidence, with revenues growing by 50% and underlying profits by some 80% compared to 1H09," Formica says.
"We expect market volatility to continue in the second half, though the business trends seen so far this year remain intact. We are also alert to the potential impact of regulatory changes on our business as regulators and governments seek to rebuild trust and confidence.
"Notwithstanding the challenges faced by markets and by the industry, we are well positioned to launch new products and to continue to grow our business in all the channels and geographies where we operate."
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