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. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
