View the article online at http://citywire.co.uk/wealth-manager/article/a747610
Continued appetite for euro equity drives Henderson AUM
by David Campbell on Apr 24, 2014 at 07:48
Henderson Group reported net inflows of £3 billion over the first quarter with equity flows continuing despite an increase in volatility, increasing assets from £75.2 billion to £79.2 billion.
While European equity continued to be the most popular choice, investors also showed growing demand for multi-asset and absolute return funds, the company said.
‘Client demand for European equities was the most significant driver, but solid investment performance and active client engagement worldwide continued to generate interest in all of our core capabilities,’ said Henderson chief executive Andrew Formica (pictured).
‘In line with our strategy, we are investing selectively in our core capabilities, making new hires and developing our global footprint, all of which should position us well in the years to come.’
Cash on the company’s balance sheet rose from £56.3 million to £74.5 million over the period.
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