Royal London Asset Management has reported gross inflows of £6.7bn for the year to 31 December 2016 and a rise in AUM to £100bn, which it said was helped by rising bond values.
In its financial results for the year 2016 released this morning, Royal London reported strong new business and profits growth across all its departments. For RLAM, its investment management arm, the group said funds under management increased by 18% to £100bn for the year, up from £85bn in 2015. The division attracted gross inflows of £6.7bn, more than double the 2015 figure of £3.1bn, arising from both institutional and wholesale markets. These positive numbers have been in part helped by rising bond values reflecting a reduction in interest rates, the group reported. "This is...
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