Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

BRIEF-Henderson sees Q3 assets dip on market, FX losses

Published 29/10/2015, 06:07 pm
Updated 29/10/2015, 06:09 pm
© Reuters.  BRIEF-Henderson sees Q3 assets dip on market, FX losses

Oct 29 (Reuters) - Henderson Group Plc HGGH.L

* Says assets under management of 81.5 bln stg, down from 82.1 bln at end June, with market weakness outweighing new business gains.

* Says net inflows of 1.3 bln stg, driven by strong performance in retail.

* Says investment performance remained strong, with 82 pct of funds outperforming over three years.

* Says acquisitions of Perennial Fixed Interest and Perennial Growth Management in Australia on track to close on Nov. 1.

* Says expects market conditions to remain challenging and regulatory oversight of asset managers to continue to intensify.

* Says flows remained strong in Q3 at 1.3 bln stg, but were more than offset by market and FX losses of 1.9 bln stg.

* Says net flows into UK retail ranges remained consistent with previous quarters at 400 mln stg.

* Says institutional flows are expected to be negative in Q4, driven by planned roll-off of private equity assets of around 420 mln stg and a net negative short-term pipeline. Further company coverage: HGGH.L

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.