F&C Asset Management(F&C) reported positive inflows of £13m into its retail range in the first three months of the year, after the group saw outflows of £122m in Q4, 2011.
However, outflows from other parts of the business including strategic partners and institutional channels contributed to a total net outflow of £1.715bn for the quarter. The group's investment trust business reported zero net flows over the period.
There was more postive news in terms of F&C's AUM which increased £1.7bn to £101.8bn at 31 March 2012, driven by higher equity and fixed income market levels and net inflows into the retail range.
F&C's retail AUM rose by 6.8% over the period. Meanwhile, gross wholesale inflows were £128m during the quarter but outflows were £531m, mainly from the Thames River global bond products.
Edward Bramson, executive chairman, said: "In the first quarter of 2012, AUM increased in both our consumer & institutional and strategic partner categories.
"We are encouraged by the significant increase in the balance of awarded but unfunded assets in our institutional business and by the increase in fiduciary assets which we highlighted in the first phase of our strategic review in October."
The second phase of Bramson's strategic review of the business, including plans for the retail arm, will be announced on 15 May.
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