Royal London Asset Management has reported a strong first half of the year as a result of broadening coverage of wealth managers and financial advisers, while also detailing its progress in launching an Irish subsidiary.
In its interim financial results for the six months to 30 June released this morning, Royal London reported gross inflows of £5.1bn in its asset management arm, compared to £2.3bn for the same period last year, arising from both institutional and wholesale markets. Funds under management climbed 6% to £106bn, which the firm attributed to a more "stable market conditions" compared to last year, while it said gross and net flows in wholesale continued to be strong as it "broadened coverage of wealth managers and financial advisers." It highlighted funds from the group's short duration b...
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