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Royal London net inflows were up 21% in 2017
Royal London's asset management arm "continued to perform well" with external gross inflows of £10.4bn last year, up from £6.7bn in 2016, on the back of sales of fixed income and cash funds and the increasing popularity of its sustainable range, the firm announced today.
In its 2017 results, the group said net inflows were up 21% to £2.8bn from £2.3bn in 2016. Funds under management increased to £114bn, up from £100bn in 2016, which RLAM attributed to more stable market conditions in 2017. RLAM also completed one of the largest ever launches of a UK property fund in October 2017, with a portfolio of £2.7bn. The Ascentric wrap platform saw record inflows in 2017, with gross inflows increasing 22% to £2.8bn, up from £2.3bn in 2016, thanks to a new charging structure established with the aim of making it easier for advisers to understand total costs. ...
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