RLAM asset management inflows reach £1.6bn

Royal London Asset Management (RLAM) recorded net new external business in the nine months to September 30 of £1.6bn in its asset management business, up from £1.5bn a year earlier, following flows into its Equity Income and Credit funds.

The pensions and investment company said that its asset management business “continues to perform well” in its new business results for the period.

It confirmed that wholesale net flows of £881m were predominantly into its Equity Income and Credit funds.

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RLAM revealed that institutional net flows of £739m in the period included roughly £296m into the RLPPC Credit fund, and charities and local authorities investing in its Cash Plus fund.