F&C Asset Management(F&C) reported positive inflows of £13m into its retail range in the first three months of the year, after the group saw outflows of £122m in Q4, 2011.
However, outflows from other parts of the business including strategic partners and institutional channels contributed to a total net outflow of £1.715bn for the quarter. The group's investment trust business reported zero net flows over the period. There was more postive news in terms of F&C's AUM which increased £1.7bn to £101.8bn at 31 March 2012, driven by higher equity and fixed income market levels and net inflows into the retail range. F&C's retail AUM rose by 6.8% over the period. Meanwhile, gross wholesale inflows were £128m during the quarter but outflows were £531m, mainly ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
