River and Mercantile posted inflows of £1.3bn in three months, as it revealed its plan to launch a global strategy later this year.
In a market update published today (19 April) for the three months ending 31 March, the group revealed that net sales hit £500m, which helped push fee-earning assets under management up 6 per cent to £30.6bn.
Of the total net inflows, the group saw £135m come from its retail equities business, up from the £81m posted through the second half of 2016.
Positive investment performance also added an extra £500m, while £800m came from the group’s derivate solutions business.
Mike Faulkner, chief executive of River and Mercantile, also revealed that the group would be launching and seeding a Global Macro strategy in 2017.
He also said the client orientated solutions and low attrition rates have resulted in positive net flows in each of the last 12 quarters since the initial public offering in 2014.
In a statement, he said: “In the quarter, we grew assets and in-force revenue from both positive net flows and investment performance.
“We remain well positioned to continue this growth and will continue to invest in our operating platform, international capabilities and new product launches."
katherine.denham@ft.com
