Henderson sees net inflows triple in 2014 but MiFID is 'biggest challenge'

Henderson Global Investors saw net inflows almost triple in 2014, taking its AUM above the £80bn mark, but noted the business faces regulatory challenges this year.

The asset manager reported net inflows for the year to 31 December 2014 of £7.1bn, up from £2.5bn in 2013. This was driven by strong sales of products including its UK Property, Cautious Managed, European Focus and UK Absolute Return funds. Assets under management increased 8% to £81.2bn over the reporting period, while underlying pre-tax profit rose 13% to £187m. In 2014, management fees grew 22% to £403.5m, largely driven by strong net fund flows and investment performance, the group said. Last year, the firm spoke of reviewing its 'lacklustre' emerging markets range but today ...