Henderson saw a small positive net inflow of £188m in its retail funds, in spite of the loss of £400m worth of investment trust mandates.
The company said in its interim management statement for the three months to March 31 that the figures represented the “first quarter of positive growth since Q1 2011”, putting an end to seven consecutive quarters of outflows.
It added this was “an encouraging result” considering it included the loss of two investment trust mandates but did not capture the win of another investment trust mandate, the £143m Henderson Value trust which transferred to the group on April 1.
Henderson said in the statement that its European Sicavs range had strong net inflows of £480m for the period while its US mutual fund range also experienced “good net inflows”, particular into the Global Equity Income fund.
Andrew Formica, Henderson’s chief executive, said he was “pleased” with the performance of the company’s retail funds, “especially our Sicavs which recorded strong positive new flows”.
Total assets under management were also up by £3.2bn, or 4.9 per cent, to £68.9bn in the first three months of this year.
