Henderson turns a corner after first net retail inflows since 2011

Henderson Global Investors has managed to reverse outflows from its retail book after seeing the first net inflows into the business since Q1 2011.

Henderson said in its latest update that net flows for retail business in Q1 came in at £188m as investors bought into its European SICAV and US funds. While the gain was small compared to the size of the back book, it was nonetheless an important milestone for the group which has seen outflows from retail investors for the last two years. The achievement was all the more significant for the group as it came amid the loss of two mandates. Henderson said it was an 'encouraging result' since it includes outflows of £400m from the previously announced loss of two investment trust mand...