Henderson sees net retail inflows in volatile Q1

Henderson sees net retail inflows in volatile Q1

Henderson Group enjoyed a small net retail inflow in the first quarter of 2016, despite clients deciding to “temper their investment decisions” amid volatile markets.

For the period from January 1 to March 31, retail net flows totalled £90m, with high-profile offerings such as the UK Absolute Return fund proving popular.

The company noted: “Client demand remained strong for income and absolute return strategies, leading to good sales of Henderson UK Absolute Return, Henderson Strategic Bond and the Henderson Fixed Interest Monthly Income fund.”

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Overall, assets under management increased from £92bn at the end of 2015 to £92.7bn. Institutional offerings suffered net outflows, while negative market movements were counterbalanced by currency-related gains.

Henderson chief executive Andrew Formica said: “Volatile markets saw our clients temper their investment decisions over the quarter.

“Our retail flows improved as the quarter progressed and, looking beyond previously announced mandate losses, our Institutional pipeline remains healthy.”