Total AUM by the end of the quarter was £6.8bn, compared to £6.5bn at the end of December. The graph below shows a breakdown of the firm’s AUM by asset type at the end of Q4 2012 and the end of Q1 2013.
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The firm’s institutional arm, excluding Phoenix, saw net outflows of £1.2bn. However, this was offset by market gains of £1.3bn, leaving AUM at £2.87bn compared to £2.86bn at the end of December.
Henderson posted an 8% fall in profits in its end of 2012 report.
Strong performance
Henderson said 77% of equity funds and 84% of fixed income funds have outperformed their benchmarks over three years. The graph shows the performance of the UK Equity Income Fund over one year.
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New territory
The fund manager has just announced it bought a 33% share in Australia-based 90 West Asset Management, a global natural resources investment management firm. The two companies have also entered into an exclusive global distribution agreement.
More than half of Henderson’s shareholders are based in Australia and the move is part of the firm’s expansion beyond the UK and Europe.
Find out more about the purchase on Portfolio Adviser later.
