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Trading statements

Henderson AuM up

19 April 2017 09:45

Henderson Group's assets under management rose to £103.1bn in the three months to the end of March from £101.0bn at the end of December, driven by positive investment performance and FX gains.

The group said there was a net outflow of £1.4bn from Retail and £0.4bn from Institutional.

It added that long-term investment performance remained strong, with 73% of funds outperforming over three years.

Chief executive Andrew Formica said: "While Retail client outflows continued, we saw an improvement in client sentiment and flows as we moved towards the end of the quarter.

"Aside from the one-off outflows that resulted from the merger-related restructuring of our Global Equities team, our Institutional business continues to see steady growth, with a healthy number of mandates funding since quarter end.

"We have made substantial progress in preparation for our proposed merger with Janus Capital Group.

"It is an exciting time as momentum builds towards the launch of Janus Henderson Investors, which will enable us to significantly increase our distribution reach and investment capabilities.

"We continue to be pleased with the supportive response from clients and await shareholder approval on 26 April."

At 9:45am: (LON:HGG) Henderson Group PLC share price was +6p at 232.9p

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