RLAM inflows soar on institutional fixed income demand

Ascentric sales down 16%

Laura Dew
clock • 1 min read

Royal London Asset Management (RLAM) has seen £1.9bn in net inflows this year to the end of September, nearly four times higher than the figure at the same time last year.

In its results for the third quarter of 2016, the firm said gross year-to-date inflows were £4.8bn, nearly double the £2.5bn seen during the same period last year. Net inflows reached £1.9bn, up from £552m in the year to 30 September 2015.  RLAM said the increase in assets was due primarily to increased demand for fixed income funds from institutional investors. The firm currently runs 20 fixed income funds, divided between government and corporate bonds. One of most popular is the Corporate Bond fund managed by Jonathan Platt (pictured), which is £937m in size. RLAM recruits busin...

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